China would gradually increase investment quotas for qualified foreign institutional investors ( QFII), said Shang Fulin, chairman of the China Securities Regulatory Commission (CSRC), here on Monday.

China launched the QFII pilot program in 2003. Since then, the regulator has been making efforts to improve related rules and regulations in a bid to open the market wider to foreign investment.

QFII played an active role in enhancing corporate governance of listed companies and guiding investment, said Shang at Monday's press conference held by the Information Office of the State Council.

It is helpful to improve the performance of China's capital market, Shang said, adding that QFII program is going on smoothly as scheduled.

Source: Xinhua