China's Mainland Stock Markets Start Higher on Widened Access for Foreign Investors
Yicai Global
/SOURCE : yicai

(Yicai Global) Sept. 11 -- Stock markets on the Chinese mainland opened higher this morning after the national foreign exchange regulator cancelled limits on foreign capital entering the country's capital markets.

The Shanghai Composite Index started 0.29 percent higher at 3,029.93. The Shenzhen Component Index was up 0.2 percent at 9,985.11, and the ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, began 0.29 percent higher at 1,730.35.

The State Administration of Foreign Exchange revealed yesterday that it would remove the investment cap for overseas institutions accessing onshore markets via the dollar-based Qualified Foreign Institutional Investor scheme and its yuan-denominated counterpart, the RMB Qualified Foreign Institutional Investor Scheme.

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