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- Index number:
- 000014453-2016-00097
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- Dispatch date:
- 2016-03-14
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- Publish organization:
- State Administration of Foreign Exchange
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- Exchange Reference number：
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- Name：
- SAFE Disseminates Data on Inward and Outward Remittances for the Cross-Border Issuance and Sales of Mainland and HK Securities Investment Funds by the end of January 2016
The People's Bank of China and the State Administration of Foreign Exchange (SAFE) released in November 2015 the Operational Guidelines for Funds Management in Cross-Border Issuance and Sales of Mainland and Hong Kong Securities Investment Funds (Guidelines), marking the official launch of the Mutual Fund Connect scheme. According to the Guidelines, the SAFE will disseminate the data on the inward and outward remittances for the cross-border issuance and sales of Mainland and HK funds on a monthly basis starting from February 2016.
As at the end of January 2016, the cumulated net inward remittance from the issuance and sales of Mainland funds in Hong Kong amounted to RMB 21.5433 million, and the cumulated outward remittance for the issuance and sales of HK funds in the Mainland, RMB 40.1767 million.
