QFII and RQFII seabet app quota restrictions have been completely lifted
Category: Industry News Release Time: 2019-09-16 Number of Viewers:0 Share
Announced by the State Administration of Foreign Exchange on September 10，Approved by the State Council，Decided to cancel the seabet app quota restrictions for qualified foreign institutional investors (QFII) and RMB qualified foreign institutional investors (RQFII) (hereinafter collectively referred to as "qualified foreign investors")。
The qualified seabet app system is one of the most important systems for the opening up of China’s financial market。The QFII system has been implemented since 2002、Since the implementation of the RQFII system in 2011，More than 400 institutional investors from 31 countries and regions around the world invest in China’s financial market through this channel。Over the years，The State Administration of Foreign Exchange has always insisted on effectively preventing risks，Actively promote the opening up of financial markets，Continue to promote the foreign exchange management reform of the qualified seabet app system，Relevant exchange restrictions have been lifted in 2018。
Stated by the Foreign Exchange Administration，This time the seabet app quota limit for qualified foreign investors has been completely lifted，is another major reform measure by the State Administration of Foreign Exchange in the field of foreign exchange management for qualified foreign investors。From now on，Foreign institutional investors with corresponding qualifications，You only need to register to remit funds independently to carry out securities investments that comply with regulations，The convenience for foreign investors to participate in the domestic financial market will be greatly improved again，China’s bond market and stock market will also be better、More widely accepted by the international market。
While the seabet app quota limit for qualified foreign investors is being lifted this time，Restrictions on RQFII pilot countries and regions have also been lifted。State Administration of Foreign Exchange Spokesperson、Chief Economist Wang Chunying said，We welcome qualified overseas institutions around the world to use overseas RMB to carry out domestic securities investments。Cancel restrictions on RQFII pilot countries and regions，It will help further facilitate foreign investors to invest in the domestic securities market，Enhancing the depth and breadth of my country’s financial market opening。
Wen Bin, chief researcher of China Minsheng Bank said，This time the seabet app quota limit for qualified foreign investors has been completely lifted，marks important progress in my country’s capital account opening，further enhances the openness of my country’s financial market，Contributes to building a norm、Transparent、Open、energetic、Resilient capital markets。On the one hand，Foreign investors will increase their allocation to Chinese stocks and bonds，Promote the development of domestic capital market；On the other hand, diversification of seabet app entities is also conducive to promoting the construction of domestic capital markets，Improving capital market efficiency，Better play the role of capital market in serving the real economy。
Said Liao Yijian, President and Chief Executive Officer of HSBC Bank (China) Co., Ltd.，Restrictions on seabet app quota for qualified foreign investors removed，It will make it more convenient for foreign investors to invest in domestic financial markets，It also reflects China’s firm determination to further open up its financial market to the outside world。Since this year，A series of intensive measures to open up the financial industry have been implemented one after another，Foreign financial institutions and overseas investors are also entering the Chinese market more actively。China is the world’s second largest stock and bond market，Is gradually integrating into the mainstream of the global financial system。
Source: Economic Information Daily
