China's commercial banks may get the go ahead to invest in Japanese stocks and funds, according to comments on the China Banking Regulatory Commission website.
The statement mentions that Chinese banks will soon be allowed to invest in global capital markets, based on agreements China is signing with several countries under the Qualified Domestic Institutional Investor Program (QDII). China is keen to sign these agreements not only with Japan but also with the United States and Germany. Currently, Chinese banks can invest in Hong Kong, Singapore and the UK on behalf of their clients.
Speculation is also rife that China Investment Corporation, the state-owned investment vehicle that manages a USD200 bn fund, could invest up to one-sixth of its capital in Japan.
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