The State Administratin of Foreign Exchange has not granted new offshore investment quotas to domestic institutional investors since for five months, but quotas for overseas investors to access domestic capital markets rose US$16.4 billion to US$140.3 billion during the same period, Bloomberg reported, citing data from the regulator. China has been attempting to prop up its currency after changing the mechanism by which the yuan’s peg to the dollar is set to be more market-based, but is also seeking to win reserve status for the renminbi from the International Monetary Fund by opening its capital account.
China Economic Review