BEIJING, Aug. 24 (Xinhua) – The Chinese mainland purchased a net of 9.40 billion yuan of Hong Kong funds under the Chinese mainland-Hong Kong Mutual Recognition of Funds scheme as of end-July, according to China's foreign exchange regulator on Thursday.
Data released by the State Administration of Foreign Exchange (SAFE) showed that by end-July investors on the Chinese mainland have channeled 24.46 billion yuan into Hong Kong funds and withdrawn 15.06 billion yuan from Hong Kong funds, resulting in a net purchase of 9.40 billion yuan.
Hong Kong investors have channeled 1.02 billion yuan into the Chinese mainland funds and withdrawn 526.22 million yuan as of end-July, resulting in a net purchase of 496.78 million yuan.
The Chinese mainland-Hong Kong Mutual Recognition of Funds scheme, launched in July 2015, allows two-way cross-border funds sales between the Chinese mainland and Hong Kong through a streamlined vetting process. (Edited by Wu Shuang; Ding Lei, dinglei@xinhua.org)
A single purchase
