March 7, 2019 / 4:35 AM / 3 months ago

China securities regulator gives IMF access to China's capital markets

SHANGHAI, March 7 (Reuters) - China’s securities regulator has given International Monetary Fund (IMF) access to China’s capital markets via a yuan-denominated inbound investment scheme.

The IMF has obtained the license to buy Chinese securities under the Renminbi Qualified Foreign Institutional Investor (RQFII) scheme, the China Securities Regulatory Commission said in a statement on its website.

The approval was granted on March 5.

Reporting by Samuel Shen and John Ruwitch; Editing by Sam Holmes

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