The foreign-exchange regulator will abolish quotas for the QFII and RQFII schemes to help open up Chinese financial markets

China’s foreign-exchange regulator said Tuesday it will scrap investment limits for two foreign-investor investment schemes, in a bid to entice more funds into its capital markets amid rising outflow pressure.

The State Administration of Foreign Exchange said in a statement that it will abolish quotas for the Qualified Foreign Institutional Investor scheme, and its yuan-denominated sibling, the Renminbi Qualified Foreign Institutional Investor scheme, in the latest move to open up Chinese financial markets.

China scraps quotas for foreign fund managers

China Scraps Quotas for Approved Foreign Institutional Investors

Grace Zhu

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