China: New R/QFII regulations indicate further opening up of capital markets
JunHe s Joey Lu looks at the impact of new measures for qualified foreign institutional investors in China December 11 2020
On September 25 2020, the China Securities Regulatory Commission (CSRC), the People s Bank of China (PBOC), and the State Administration of Foreign Exchange (SAFE) jointly released the Measures for Administration of Domestic Securities and Futures Investment by Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (《合格境外机构投资者和人民币合格境外机构投资者境内证券期货投资管理办法》) which will take effect on November 1 2020 (R/QFII measures). Along with the R/QFII measures, CSRC also published corresponding implementing provisions (together with the R/QFII measures and the R/QFII regulations). Such R/QFII regulations have unified the originally separated regulations on the QFII and