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).
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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.
Bank J Safra Sarasin became a first-time RQFII recipient, while Allianz GI doubled their quota, according to records from the regulator.
The London-based unit of the Beijing-based state-owned enterprise China Post Group has been granted an RQFII quota for the first time, according to the State Administration of Foreign Exchange.
China has proposed combining the two quota schemes, which could help foreign managers with private fund management licences seed their own funds.
The country previously made improvements to the scheme to attract more foreign investors.
The firm has become the first Japan-based entity to join China’s inbound programme.
November saw only one firm, APG Asset Management, receive additional quotas under China’s inbound programmes.
The firm has been awarded additional quota for China’s inbound investment programme, according to records from the State Administration of Foreign Exchange (SAFE).
In total, seven firms in August became first-time recipients of China’s quota programme, allowing them to invest in the onshore markets.
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