PRC tightens control over foreign investor access

Author: | Published: 11 Dec 2017

Pre-approved foreign institutional investors can access China’s financial market in a controlled manner, in compliance with securities regulatory and foreign exchange control requirements

The qualified foreign institutional investors (QFII) programme is a specialised regulatory platform offering approved foreign institutional investors direct access into China's securities market under a complementing foreign exchange quota system. It is administered by the China Securities Regulatory Commission (CSRC) for regulatory supervision purposes and the State Administration of Foreign Exchange (Safe) for foreign exchange control. While QFII investors are expected to remit foreign currency, a similar programme has been implemented for foreign institutional investors remitting offshore renminbi (RMB), the RMB qualified foreign institutional investors (RQFII) programme. Since their introduction in 2002 and 2011, respectively, the QFII and the RQFII programmes have grown steadily in size. As of the end of October 30 2017, 287 investors have been approved under the QFII programme with a total...



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