(单词翻译:单击)
By CCTV correspondent Laura Luo
China's first RMB Qualified1 Foreign Institutional Investor2 or RQFII exchange traded fund was launched at the London Stock Exchange on Thursday. Just how important is its launch for European investors3 to access China's domestic market.
Investors across Europe are now able to invest into China's A share market, through the first RQFII exchange traded fund. The ETF for Renminbi qualified foreign institutional investors was jointly4 launched by Chinese asset management firm CSOP and London-based company Source on Thursday. The fund will track 50 best performing companies in the Chinese mainland.
"So the allocation for the RQFII scheme is 80 billion RMB. So this one is the, after Hong Kong and Singapore, definitely the first city of the Europe grant for this RQFII scheme quota5. So Europe became, London is the first one," Jessie Pak, Managing Director for Asia of Financial Times & Stock Exchange, says.
The 80 billion yuan Pak mentioned was the initial yuan investment quota China agreed to grant to the UK back in October 2013. The launch of the ETF is seen to strengthen London's position as a centre for offshore6 RMB transaction.
"So I think that actually is very important for the European market, because the RQFII scheme provide very good equity7, so we will see that will further strengthen the London Source exchange and also the UK market," Pak says.
CSOP has a 30 billion yuan, or 5 billion USD worth of RQFII quota. The new EFT will be traded in dollars and pounds, but settled in yuan. The fund has already received subscriptions8 totalling 230 million US dollars.
1 qualified | |
adj.合格的,有资格的,胜任的,有限制的 | |
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2 investor | |
n.投资者,投资人 | |
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3 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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4 jointly | |
ad.联合地,共同地 | |
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5 quota | |
n.(生产、进出口等的)配额,(移民的)限额 | |
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6 offshore | |
adj.海面的,吹向海面的;adv.向海面 | |
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7 equity | |
n.公正,公平,(无固定利息的)股票 | |
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8 subscriptions | |
n.(报刊等的)订阅费( subscription的名词复数 );捐款;(俱乐部的)会员费;捐助 | |
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