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.
Combining the qualified foreign institutional investor (QFII) scheme and its renminbi equivalent (RQFII) would be seen as part of China’s broader attempt to liberalise its capital markets.
Meanwhile Luxembourg’s Ambassador to China has prematurely announced that his country is to be awarded Rmb80 billion in RQFII quota, before regulators …
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