CHINA is steadily opening up the country's capital market for more cross-border trading to boost market stability.

China has granted 6.3 billion yuan (US$1 billion) in quota to the Renminbi Qualified Foreign Institutional Investors in April after a suspension of over two months, bringing the total investment under the program to 76.3 billion yuan, data from the State Administration of Foreign Exchange showed yesterday.

By the end of April, SAFE has issued US$85 billion to investors under the Qualified Domestic Institutional Investor scheme, which allows local financial institutions to invest overseas.

"Solving market instability and increasing investor participation, especially among long-term investors, is at the top of many policymakers' priority list," Z-Ben Advisors said in note yesterday.