China has confirmed that it will allow Qualified Foreign Institutional Investors to trade the China Financial Futures Exchange’s CSI 300 equity index futures following a meeting between the Asian country and the US on May 26. It has not yet announced the date from which it will allow trading to take place.
China’s decision was confirmed following the close of the Strategic and Economic Dialogue meeting held in Beijing.
"China will permit qualified foreign-invested firms duly incorporated in China to carry out stock index futures business in accordance with relevant laws and regulations and will allow QFFI to invest in stock index futures products," the two countries said in a joint statement.
Though the...