News & Reports News Year 2012 May , 2012 Foreign investors increase A-share holdings

Foreign investors increase A-share holdings

 

FOREIGN investors increased A-share holdings in the first quarter of this year, especially in the machinery equipment making industry, the Securities Times reported yesterday.

According to quarterly reports of listed companies, foreign investors held 61.2 billion yuan (US$9.71 billion) of Chinese stocks at the end of March, the report said.

Foreign institutions tripled their holdings in the shares of machinery equipment makers to 6.4 billion yuan, pouring money into China First Heavy Industries and Anhui Quanchai Engine Co. They reduced holdings in the food and beverage industry by 20 percent to 3.9 billion yuan, according to the report.

Foreigners are allowed to invest in China's capital markets under the Qualified Foreign Institutional Investor scheme, which was launched in 2002.

Last Updated (Saturday, 05 May 2012 12:25)