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The mainland might launch a program to allow Taiwan investors to use offshore yuan deposits to invest in the mainland's capital markets, Guo Shuqing, chairman of the China Securities Regulatory Commission, said on Sunday. A similar program, known as the RMB Qualified Foreign Institutional Investor, or RQFII, was launched in Hong Kong at the end of last year with a quota of 20 billion yuan ($3.17 billion). At present, individual investors in Taiwan can directly invest in the mainland's dollar-denominated B-share market. They can also buy yuan-denominated A shares through the QFII program. "We are likely to launch the RQFII program in Taiwan in the future, as well as allowing individual investors in the region to invest directly in the A-share market," Guo said on the sidelines of the two sessions. But he added that study of the issue hadn't yet started. The program offers more investment channels for the growing amount of yuan deposits in Hong Kong, which reached 576 billion yuan at the end of January. Under the program, Hong Kong institutional investors can invest in the A-share market using yuan parked overseas. Taiwan said last year it also wanted to be a trading center for offshore yuan, aiming to take advantage of the yuan's internationalization. In August 2011, Taiwan's "central bank" listed "being an offshore yuan center" as one of its long-term targets. | 
