BEIJING, Jan. 2 (Xinhua) -- In 2023, about 81 foreign institutional investors were nodded as new qualified foreign institutional investors (QFIIs) and RMB QFIIs (RQFIIs) in China, reported Securities Daily on Tuesday.
Approved by China Securities Regulatory Commission (CSRC), the 81 qualified foreign investors altogether marked the second largest quantity in history, which stood modestly lower than the all time high 118 ones in 2021.
Tian Lihui, dean of the Nankai University Institute of Finance and Development attributed the active entrance of foreign institutional investors to joint effect of multiple factors including the global economic recovery, China's financial market opening-up, overseas investors' demands for diversification of investment portfolios and improved supervisory environment in China.
Fu Yifu, senior researcher with Star Atlas Institute of Finance echoed the opinion, saying that this reflects the stable and increasing investment favor of foreign institutions, which is built on China's promising long-term economic outlook, complete industrial system, and constantly improving business environment.
Currently, China's capital market valuation is significantly underestimated and related stock assets boast mid- and long-term attractiveness, drawing more and more foreign investors to apply for the QFII and RQFII qualifications to seize investment chances in China, added Fu.
Statistics with Wind showed that QFIIs held 9.114 billion shares of 794 A-share listed companies by the end of September 2023, with the corresponding market capitalization at 136.893 billion yuan, according to the newspaper. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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