November QFII Newly Opened A Shares Account Rebounded

According to the latest data from China settlement, QFII opened 15 A share accounts in November, including 7 in Shanghai and 8 in Shenzhen stock market.

Reporters observed that this is the forty-seventh consecutive month QFII has opened a A share account.

As a result, the total number of A stock accounts opened by QFII has reached 946.

181 of them are newly opened this year.

Data from China's settlement show that the number of new investors increased in November compared with October.

The number of new investors in November was 1 million 471 thousand and 900, an increase of 37.96% over October.

By the end of 11, the end of the term.

The number is 97 million 688 thousand, the natural person 97 million 407 thousand and 800 and the non natural person 280 thousand and 200.

In February this year, QFII opened a new record in the A share account, and opened 46 new accounts in that month. In October, it opened 1 accounts, the lowest in nearly 4 years.

Recently,

Relevant measures are frequent.

In order to facilitate the operation of qualified foreign institutional investors in domestic securities investment, in December 7th, the State Administration of foreign exchange issued the guidelines for the quota management operation of qualified foreign institutional investors.

The guideline is clear, relatively uniform management of QFII investment quota, and relaxation of quota adjustment between products.

The QFII quota is divided into open-end fund quotas, other products or funds.

QFII institutions may apply to the foreign exchange bureau for the above two types of quotas according to their business needs.

Besides,

Data show that at present, the SFC has approved 291 QFII.

As for the quota, data from the State Administration of foreign exchange showed that the amount of investment approved by QFII as of November 27th was 79 billion 99 million US dollars.

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The renminbi fell to a four and a half low on Friday, the longest weekly decline in 10 years, dragging down other Asian emerging currencies, worrying about the slowdown in China's economy and the Fed's expectation of raising interest rates next week.

The US dollar / Thai baht closed up 0.17%, at 36.04, 35.98 at the end of the last trading day, and 0.06% at the dollar / Philippines peso, 47.22 at the end of last trading day, 47.19 at the end of the last trading day, 0.13% at 13948, and 13930 at the end of the previous trading session; the US dollar / Malaysia ringgit closed up 0.44%, 4.2815, and the last trading day ended at 4.2625.

The yuan fell 0.3% to 6.4550 against the US dollar, the weakest level since July 2011.

This week the renminbi has fallen by 0.8% against the US dollar, which will be the biggest weekly depreciation since the August 11th reform.

The yuan has been down for six consecutive weeks, according to Thomson Reuters data back in December 2005, the longest weekly decline.

As China's economic momentum continues to weaken, market sentiment on China's RMB has reached its highest level in more than five years, and the outlook for most emerging Asian currencies has also deteriorated because the US is expected to raise interest rates next week.

The Korean won ranked first in the emerging Asian currencies weekly decline with a decrease of 1.9%.

South Korea's exchange data show that foreign investors continue to sell ultra Korean shares, which in the past eight consecutive trading days sold over 2 trillion and 100 billion won ($1 billion 800 million).

Ringgit fell 1.3% this week, as concerns over the decline in oil and gas revenues in the country were exacerbated by the collapse of global oil prices.

The rupiah line fell 0.8%, as demand for us dollars rose at the end of the year.

Poyuan has fallen 0.5% this week, following the downward trend of the renminbi.

The baht has also fallen by 0.5%.

The continued decline of the renminbi has prompted traders to speculate on the extent to which the Chinese authorities are prepared to allow the renminbi to depreciate.

The central parity of RMB today continued to refresh its lowest level for more than four years, even five days ago.

"The RMB will continue to decline for the time being, and it will drop another 4-5% next year, which will put pressure on the Asian currency," said Seungji Jeon, a foreign exchange analyst at Seoul Samsung futures.

"The decline of other Asian currencies may be less than that of the renminbi, as they have digested more depreciation factors, such as a stronger US dollar."