Canceled regulator foreign exchange market in China roof billion dollars for purchases of sovereign wealth funds and central banks and monetary authorities in foreign assets of China, did not specify the new rules published site foreign exchange management cap new, saying only that he could funds to apply for licenses to invest more than a billion dollars.
The new policy aimed at sovereign wealth funds such as Qatar Holding and the Monetary Authority of Hong Kong, which each agreed to invest up to one billion dollars through a program qualified institutional investors, and exchange management reserves the right to accept or reject each application separately.
The Chinese officials said earlier that facilitate foreign investment in Chinese assets will restore confidence in the stock markets Chinese, which fell more than 60% since November 2007, but the total size of the foreign funds are allowed to enter the local stock market is still young and new rules do not allow increasing, and almost total foreign investment in the Chinese stock market 1% total market value.
Policy development
On the other hand began to senior Communist Party leaders meeting on Saturday to put China's economic policies for the year 2013, one month after the election of new leaders to head the second largest economy in the world, as reported by the official media.
The meeting gives the new Chinese president Xi Jinping his first official chance to put his mark in the main draw economic plans, including the target of economic growth and the adoption of measures concerning the deficit and tax policy.
