China continues to expand the routes through which overseas investors can tap into its equity market.

Mainland China continues to widen foreign investors’ access to its markets, with a media report stating that a further $10 billion worth of the country’s stocks have been opened up to the market. Separately, China has agreed to grant Luxembourg-based investors greater exposure to the market.

The latest push means that organisations such as Singapore’s GIC Pte, the sovereign wealth fund, and the Australian part of US-listed Vanguard Group, can buy additional equities, the Wall Street Journal reported.

Such a move comes after the Hong Kong and Shanghai equity markets established a link - or “through train” - late last year. The link is one of a number of steps the Asian giant is taking to draw in foreign capital.

China’s foreign currency regulator, the State Administration of Foreign Exchange, granted more than RMB30 billion of investment quota to 11 funds via the renminbi qualified foreign institutional investor programme. The programme allows international investors to purchase Chinese stocks and bonds with renminbi raised offshore.

The programme was launched in Hong Kong in 2011 and has been expanded to other jurisdictions since 2013, enabling offshore renminbi to be reinvested into the mainland securities market.

Separately, Luxembourg’s European and global investor base can now use the RQFII scheme directly to invest in Chinese stocks. The People's Bank of China has announced the granting of an RMB50 billion RQFII quota to Luxembourg.