By Du Xiaoli (chinadaily.com.cn)
Updated: 2007-08-17 14:27

Related readings:  Fresh controls on foreign exchange  China seeks more channels to use foreign exchange reserves  Surplus in goods trade expands foreign exchange reserves  China to set quota for foreign-exchange by individuals

The State Administration of Foreign Exchange (SAFE) is researching further reform on individual foreign exchange management amidst expectations of further loosening of individual foreign exchange under capital account regulations, said Deng Xianhong, deputy administrator of the SAFE.

The research includes individual direct investment and securities investments. When China will open individual overseas direct investment is still uncertain, said Deng. That mainly depends on the results of the research and consideration of whether effective supervision can be achieved, according to the China Securities News.

Individual foreign exchange purchases increased 259.42 percent year-on-year during the period from February to June this year.

Currently there are many investment options for domestic residents' foreign exchange, including investment in B-shares, foreign exchange financial products issued by commercial banks and various products from the qualified domestic institutional investors.