Foreign fund managers facing A-share lock-up | SCMP
Submitted by loner on 27 October, 2008 - 1:13pm
China will restrict foreign access to its yuan-denominated A-share markets to long-term investors, who will probably face a lock-up period of one to three years, the mainland's top securities regulator has said.
During the lock-up, foreign fund managers would be able to remit dividends but not the principal of their investments, China Securities Regulatory Commission (CSRC) Zhou Xiaochuan told institutional investors.
His comments, to a Deutsche Bank-sponsored conference in Singapore last week, indicate Beijing is moving closer to a formal announcement of rules for its long-awaited Qualified Foreign Institutional Investor (QFII) scheme. more
What did I say then?
Coming to a bourse near you: HKT the sequel (3 years 14 weeks ago):
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