usiness models, which will bring

s in their portfolios and a necessary tool to hedge against risks in the equities market for their clients.Many of them have also been seeking regulatory approval to raise onshore funds and invest in o▓verseas markets with a ce

healthy c

ompetition and

rtain quota under the pilot program known as the Qualified Domestic Limited Partnership."The QDLP program has allowed us t

benefit

o further ▓understand the risk preference of Chinese investors and the existing regulatory environment in China. We wil

the long-ter▓m

l continue to use our gl▓obal advantage to create value for our Chinese client▓s," BlackRock said in a written response to

develop

China Daily.China suspended the program in 2015 as the country faced mounting pressure from ca▓pital outflows. But the

ment of th

renewed foreign interest indicates that the authorities may lift the suspension in the near future.The recent market corr

nd their gro

ection is not expected to ▓detract from China's effort to reform its▓ capital market or boost the attractivenes▓s of A-shar

wing demand
  • for increasingly sophisticated investm
  • ent products have attracted many global in
  • vestment firms to China▓'
s multi-trillion dol
lar asset ma
  • nagement ▓market.So far, 10 foreign ass
  • et managers including Fidelity Internation
  • al, BlackRock, UBS, Man
Group, and Schroders
are qualifi
  • ed to sell o▓nshore funds to Chinese cl
  • ients, according to the AMAC.Despite last
  • week's 9.6 percent fall in
the Chinese mainl
and's A-sh
  • are market, Lynda Zhou, a portfolio m▓a
  • nager at Fidelity International, said a grea
  • ter opening of China's f
inancial market wa
s likely thi
  • s year as foreign participation helps
  • it become increasingly mature."My long-ter
  • m view on China is not cha
nged. … The
recent mark
  • et correction is a healthy one as the
  • valuation of blue chips was very expensive
  • . When value re-emerges, I
believe foreign ▓i

will come in ag

018 09:39 BJTPrudent, neutral monetary policy set 'to continue'The People's Bank of China, the central bank, will allow th

ain," Zhou

said.Chin

e market to play a bigger role in determining the yuan's exchange rate while maintaining a prudent and neutral monetary

a opened i

▓ts ass

policy this year, a top official said on Monday.China will continue to deepe

rises to rai

se ons

n the reform of the yuan's exchange rate mechanism, based on market sup▓ply

wning a mino

rity sta

and demand and adjust it according to a basket of foreign currencies, Yi Ga

ising onshor

e funds

ng, vice-go▓vernor of the PBOC, wrote in an article▓ in a local magazine.The

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    currency's

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    exc▓hange rat

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    e mechanism

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    will be

me products

"managed and floating". It will be more flexible when both up and down fluctuations may become the normal▓ trend, said Yi