Offshore Renminbi Returning To Mainland China Is Expected To Take Place At The End Of The Year.

A spokesman for the Hongkong government said on Friday that the Chinese government allowed offshore investors to use offshore. RMB Plans to invest in mainland China's stocks and bonds are expected to be implemented by the end of the year.

The spokesman said the renminbi Abroad The preparation of qualified institutional investors (RQFII) has entered the late stage and is expected to be implemented before the end of the year.

RQFII is one of several initiatives announced by Vice Premier Li Keqiang when he visited Hongkong on Wednesday. Under the plan, offshore investors can use offshore renminbi to invest in mainland securities, starting from a scale of 20 billion yuan (US $3 billion 100 million).

Li Keqiang announced that it plans to launch the Hong Kong stock portfolio ETF (Exchange Traded Fund) in mainland China to open up channels for mainland investors to buy Hong Kong stocks.

A spokesman for the Hongkong government said he expected Hong Kong stocks The combined ETF will also be launched by the end of the year.

Economists predict that these measures announced by Li Keqiang will expand the application scope of offshore renminbi and encourage more enterprises to issue Renminbi securities in Hong Kong.