China simplifies QFII and RQFII schemes, expands QDII quotas, and promotes financial opening up.
China's Deputy Governor of the People's Bank of China, Zhu Hexin, plans to simplify and improve the fund management for QFII and RQFII schemes, enabling overseas investors to invest in China's domestic capital markets. China will support domestic institutions in cross-border investments, grant quotas to 53 institutions under the QDII program, and promote Shanghai's role in financial opening up.
June 19, 2024
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