China regulator drafts QFII, RQFII 'merger' plans
The CSRC is said to be drafting new legislation to prepare for a harmonisation of QFII and RQFII rules. And Luxembourg is to be awarded Rmb80 billion in RQFII quota, according to the country's ambassador.
Draft rules for the merger of the QFII and RQFII schemes will soon be published by China’s financial regulator, a senior lawyer has announced.
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