A Chinese investor before an electronic display of stock data at a brokerage house in Beijing on 15 February 2016. Contrary to global conventions, China represents gains and advances in red, using the colour green to denote losses and declines. Photo: EPA
China scraps QFII and RQFII investments quota to allow unrestricted access to world’s second-largest capital market
- China’s currency regulator has announced that it would scrap the investment quotas under the QFII and RQFII programmes
- The Qualified Foreign Institutional Investor (QFII) programme, introduced in 2002, lets investors buy China’s yuan-denominated A shares. The RQFII programme, introduced in 2011, is denominated in yuan
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China stock market
A Chinese investor before an electronic display of stock data at a brokerage house in Beijing on 15 February 2016. Contrary to global conventions, China represents gains and advances in red, using the colour green to denote losses and declines. Photo: EPA