China broadens scope for foreign investment in its onshore capital market

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China combines two major inbound investment schemes and broadens the scope for foreign institutional investment, in the latest move to open up its domestic capital markets to overseas investors.

China's Qualified Foreign Institutional Investor (QFII) scheme and its yuan-denominated sibling, RQFII will be combined, according to the finalised rules released by the China Securities Regulatory Commission (CSRC), the People's Bank of China (PBOC) and the State Administration of Foreign Exchange. The two schemes channel foreign capital into China's stock and bond markets.

The country will "steadily expand investment scope" and investors . . .

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