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China lifts investment quota restrictions for QFII, RQFII amid financial opening-up

(Xinhua)    18:08, September 10, 2019

BEIJING, Sept. 10 (Xinhua) -- China's forex regulator Tuesday announced it will abolish the investment quota restriction for Qualified Foreign Institutional Investors (QFII) and Renminbi Qualified Foreign Institutional Investors (RQFII) to boost financial reforms and opening-up.

The QFII and RQFII programs, implemented in 2002 and 2011 respectively, allow overseas institutional investors to move money into China's capital account for investment.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Hongyu, Bianji)

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