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China May Ease Controls on Citizens’ Offshore Investments
Published on: 2021-02-22
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China is considering relaxing restrictions to allow its citizens to invest in securities outside its mainland in a bid to facilitate two-way capital flows as it opens its own capital markets to more foreign participation.
 

The State Administration of Foreign Exchange will conduct a study to see if it can allow domestic investors to use their $50,000 annual forex quota for purchases of securities and insurance offshore, Ye Haisheng, director of its capital account management department, wrote in an article published in China Forex Magazine. It also plans to remove the quota limit for individuals who take part in stock incentive programs of offshore-listed firms.
 

If implemented, the move would be a big leap in China’s push for a two-way opening of its financial markets. The country bars individuals from using their forex quota for direct offshore investments, but China is becoming more relaxed about capital flows as the yuan has strengthened about 10% from May 2020.
 

It would be a boon for brokerages such as Up Fintech Holding Ltd. and Futu Holdings Ltd. Many Chinese investors have already been ignoring the restrictions by setting up offshore brokerage accounts to invest in initial public offerings of Chinese firms in Hong Kong and elsewhere.
 

To cater to a growing need for offshore asset allocation, China is also looking at boosting the quota for its Qualified Domestic Institutional Investors program in a “timely” manner, according to the article. Restrictions may be eased in the derivatives market, where futures trading is limited to hedging for financial institutions.
 

外汇局研究开放5万美元以内的个人境外投资额度!

近日,一篇来自《中国外汇》的撰文引起投资界人士的广泛注意,该文章是对国家外汇管理局资本项目管理司司长叶海生的专访记录。
 

文章指出,2021年国家外汇管理局将研究有序放宽个人资本项下业务限制,修订境内个人参与境外上市公司股权激励计划的管理规定,取消年度购付汇额度限制,优化管理流程。
 

值得一提的是,文章中还提到外汇局将研究论证允许境内个人在年度5万美元便利化额度内开展境外证券、保险等投资的可行性。
 

这也就是说,

个人进行境外投资或将迎来重磅利好!

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