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HK, Taiwan, Macau investors open nearly 30,000 A-share accounts
Aggregated Source: Shanghai Daily: Business

INVESTORS from Hong Kong, Taiwan and Macau living on the Chinese mainland have opened 29,815 accounts for trading yuan-backed A shares as of Sunday, China's top securities regulator said at a media briefing after the market close today.

The China Securities Regulatory Commission in April allowed residents from the three regions to trade A shares in an effort to boost the market vitality.

But the CSRC today said there is still no timetable for the launch of Qualified Domestic Individual Investor program, dubbed as QDII2, which would allow mainland individual investors to directly trade securities on overseas stock exchanges for the first time.

Chinese regulator has been seeking to open up the country's capital market for more cross-border trading.

Earlier this month, the CSRC raised the investment quota to US$150 billion for the Qualified Foreign Institutional Investor scheme and expand the trial Renminbi Qualified Foreign Institutional Investor program to Singapore and London.

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Copyright Shanghai Daily: Business