Chinese Shares Shrug Off Promise of Widened Foreign Access
Xu Wei
/SOURCE : yicai

(Yicai Global) Sept. 11 -- Yesterday's pledges of cancelations of two limits for foreign investors in China have not majorly boosted the nation's major stock indexes before lunch.

The Shanghai Composite Index remained flat at 3,020.74. The Shenzhen Component Index declined 0.45 percent to 9,919.74. The ChiNext Price Index, which tracks growth enterprises listed in Shenzhen, fell 0.35 percent to 1,719.34.

The State Administration of Foreign Exchange said yesterday that the investment quota limits under the Qualified Foreign Institutional Investors scheme and the Renminbi Qualified Foreign Institutional Investor program will be scrapped. 

Editor: Emmi Laine 

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