QFII reforms set to accelerate as Safe lifts $1bn cap
As fund house Fidelity breaks the $1 billion QFII cap, China's regulators are hastening the liberalisation of the investment scheme. Part of the motivation is seen as a bid to boost inflows and prevent renminbi depreciation.
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The lifting of the QFII cap has been seen as the start of further reforms to China's investment programme, which is likely to lead to the alignment of rules with its renminbi-based equivalent.
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