Apr. 5 – On Tuesday, the China Security Regulatory Commission (CSRC) announced the expansion of the country’s Qualified Foreign Institutional Investor (QFII) scheme, lifting the quota that qualified international fund managers are allowed to invest in China’s offshore capital market from US$30 billion to a total of US$80 billion.
Meanwhile, the Renminbi Qualified Foreign Institutional Investor (RQFII) scheme was also expanded. The total amount of RMB that foreign investors can raise in Hong Kong for investment has been increased to RMB70 billion from the previous limit of RMB20 billion. Continue reading