Qualified institutional investors are now allowed to trade commodity futures, commodity options and stock index options.
Other more recent inbound initiatives, such as the stock and bond connect programmes, have made the QFII and RQFII less relevant.
Foreign asset management firms have been applying for licences to invest onshore in China.
Twelve firms have applied for the QFII and RQFII programmes in the fourth quarter this year.
China continues to refine regulations aimed at opening its financial industry.
Overnight, China officially abolished the quota restrictions, ratcheting up the potential for capital inflows after global indices began the A-shares inclusion process.
A number of foreign managers and institutional investors have increased their inbound quotas as demand for China securities grows.
In total, seven firms received new or additional inbound quotas in China last month.
The QFII scheme is a transitional step towards China’s orderly opening of its capital markets, according to the 2018 annual report from State Administration of Foreign Exchange (Safe).
Also in April, China issued additional outbound quotas to five domestic firms after nearly a year of non-issuance.