Turning to the Mainland, QFII was introduced into the Mainland in recent years, and in this year, policies aimed at differentiating domestic investors investing in overseas financial products were issued. At the same time, efforts were made to develop the FX market by providing more risk-control tools and introduce market makers and OTC transaction mode.
Excluding the estimated effects of the main operations that do not impact net borrowing and a number of temporal asymmetries, the general government borrowing requirement in the first nine months of 2018 (estimated by approximating the still unavailable data for August and September with those for the state sector borrowing requirement) decreased compared with the corresponding period of 2017.