| 摘 要： | The Chinese stock market showed signs of cooling down after repeated warnings from the supervisory departments over mounting risks.But the market was expected to rebound as excessive liquidity remains a problem.The inflow of foreign direct investment and the large trade surplus pushed foreign exchange reserves to the highest in history by the end of September.In turn,the reserves added more pressure to liquidity.The Central Bank raised the reserve requirement ratio to its highest mark in history,but the latest move was defied by the market. There is good news for qualified foreign institutional investors (QFIIs): the securities watchdog said that the QFII quota might be tripled by the end of this year,which is long awaited by the QFIIs. By LIU YUNYUN
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