Mainland residents to the sea 10 million threshold for investment in Hong Kong equities.

<P>: Http:// hearing, the State Administration of Foreign Exchange approved Tianjin Binhai New Area 20, to carry out domestic individuals invest directly in securities, after the pilot, a large part of domestic investors to invest directly in overseas markets showed strong interest, when .to account, "the sea" will become the most concern. .It is understood reporters yesterday, is expected in about two weeks after the mainland residents can apply for accounts, and direct investment in Hong Kong stocks threshold set at 10 million yuan. .</ P> <P> threshold of 10 million yuan </ P> <P> yesterday, is responsible to the Mainland to Hong Kong investment funds Huang Zhongwen, Managing Director of BOC International, said the bank has received many inquiries for mainland residents and investors .. .Huang Zhongwen, said Hong Kong stocks of direct investment in the Mainland individual admission is 10 yuan. .</ P> <P> Huang Zhongwen, said that while mainland residents within this month, the earliest direct investment in Hong Kong stocks through the pilot, but is temporarily unable to directly subscribe to mainland investors new shares in Hong Kong, the current pilot program to buy for cash only .outstanding shares have been listed, and does not set up overdraft financing. .</ P> <P> White, vice president of Bank of China International Research tough yesterday also confirmed that the above information to the reporter. ."It is understood that the initial pilot projects in order to reduce pressure on the bank's business, so the initial cost of entry-level opening set at 10 million. However, this threshold is indeed not too high." Bai Ren said. .</ P> <P> in about two weeks time can open an account </ P> <P> pilot program under SAFE, mainland residents have to go through Tianjin Binhai District Branch of the Bank of China to open foreign exchange accounts, and BOC Hong Kong Open .corresponding to the investment account, you can trade Hong Kong stocks directly. .</ P> <P> Bank of China, told reporters that the business initially known as the "through train", the specific operation of the program are in the pipeline is expected in about two weeks after the head office will be officially launched, will be open for account application .. .</ P> <P> the provisions of the Exchange Council, investors should be in the Tianjin branch of Bank of China to open a personal investment in overseas securities exchange account, and asked the Bank of China International Securities Ltd. in Hong Kong to open the corresponding securities agency accounts. .So, whether only the Binhai New Area residents will be opening it? .</ P> <P> SAFE stakeholders told reporters, in addition to the Bank of China Tianjin Branch, the Bank of China, the territory of the other branches of the Bank of China signed a cooperation agreement with Tianjin, the Tianjin BOC can also handle personal foreign exchange account opening and securities investment .collection of BOC International Securities Agent Account Application materials, which means that non-residents in Tianjin Binhai New Area can go to the local Bank of China to open account. .</ P> <P> whether the Internet can open an account issues, Bank of China said that it may be temporarily unable to do so. .He also said that the current Bank of China is actively internal coordination, the recent identification of specific measures will be. .</ P> <P>, however, to remind the industry of individual investors, the Hong Kong stock market and the mainland stock market is completely different, individual Hong Kong stocks if you want to direct investment, it is necessary homework in advance "homework." .</ P> <P> whether to expand the scope of the experiment is inconclusive </ P> <P> for some of the media, "Individual Foreign portfolio investment in Shanghai next step will be the pilot", a foreign exchange bureau official said, whether to expand the scope of the experiment .Binhai New Area will depend on effect of the decision of the pilot, currently there are no specific timetable. .</ P> <P> to 20 in the foreign exchange bureau in Tianjin Binhai New Area has just announced the direct investment in overseas markets to carry out personal pilot, yesterday media reports, personal pilot of foreign portfolio investment has been determined the next step in Shanghai, ICBC will provide .related services. .Even the media, said the SAFE pilot project next month will be extended to the country. .</ P>.