Source: CCTV.com

05-11-2009 17:58

The government of Shanghai, China's financial hub, will consider allowing foreign investors to participate in its futures markets and other steps to liberalize and diversify its financial markets. It's part of the city's plan to become a global financial center by 2020.

The government of Shanghai, China's financial hub, will consider allowing foreign investors to participate in its futures markets and other steps to liberalize and diversify its financial markets.
The government of Shanghai, China's financial hub, will 
consider allowing foreign investors to participate in its 
futures markets and other steps to liberalize and diversify 
its financial markets.

The city government has issued a statement saying it will study a qualified foreign institutional investors, or QFII, system for its futures markets and will support the launch of additional products on the Shanghai Futures Exchange.

It will also allow qualified overseas firms to list on the Shanghai Stock Exchange, China's largest bourse, at an appropriate time. And it will support the issuance of yuan bonds by overseas banks incorporated in China.

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Editor:Xiong Qu