BROKERS LIFTED BY BEIJING INVESTMENT MOVE

 
By David Turner in Tokyo and Neil Dennis in London
Friday, June 22, 2007
 
Asian equities moved higher yesterday, led by a strong performance in Hong Kong, but momentum slowed after losses suffered on Wall Street overnight.

The Hang Seng index jumped 1.3 per cent to 21,954.67 as speculation rose that Beijing would extend its Qualified Domestic Institutional Investor (QDII) legislation to include all financial institutions.

On Wednesday, Chinese securities regulators issued new rules allowing fund managers and brokerages to invest abroad. Before this, only mainland banks and selected fund managers were able to invest client money overseas under the QDII scheme.

-------------------------------------------------------------

中国内地扩大QDII推高香港股市

 
英国《金融时报》戴维•特纳(David Turner)东京、尼尔•丹尼斯(Neil Dennis)伦敦报道
2007年6月22日 星期五
 
在香港股市强劲表现的引领之下，亚洲股市昨日普遍走高，但由于华尔街股市前夜下跌，亚洲股市上涨势头随后有所放缓。

香港恒生指数(HSI)昨日上涨1.3%，收于21954.67点，原因是越来越多的人揣测，中国政府将扩大合格境内机构投资者(QDII)机制，将所有金融机构囊括在内。

中国证监会最近发布新规定，允许基金公司和券商进行境外投资。此前，根据QDII规定，只有内地银行和少数基金公司才具备代客境外理财的资格。