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China to scrap quota restrictions on QFII, RQFII foreign investment programs

( September 11, 2019, 03:32 GMT | Official Statement) -- MLex Summary: China will remove quota restrictions on two inbound investment programs, the qualified foreign institutional investor scheme, or QFII, and the renminbi qualified foreign institutional investor scheme, or RQFII, according to an announcement by the country’s State Administration of Foreign Exchange released late yesterday. The regulator said that requirements on countries and regions for the RQFII scheme would also be scrapped. It will now be more convenient for qualified foreign institutional investors that have gone through the registration procedure to invest in China’s bond and stock market, the regulator added.The announcement follows:...

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