Latest relaxations in the QFII and RQFII regimes
摘要
On 5 May 2020, the People’s Bank of China (“PBOC”) and the State Administration of Foreign Exchange (“SAFE”) issued the Regulations on Fund Administration for Domestic Securities and Futures Investments by Foreign Institutional Investors (“New Regulation”, as supplemented with the FAQs published by SAFE), introducing the latest round of reforms to the QFII and RQFII schemes – China’s two major inbound investment systems. The New Regulation will take effect on 6 June 2020. This article summarises the key points of the QFII and RQFII regimes, the main changes under the New Regulation, and what they mean for overseas institutions.
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