China will remove the quota limits on two inbound investment schemes – the dollar-dominated qualified foreign institutional investor (QFII) scheme and its yuan-denominated sibling, the RQFII, according to a statement released by the State Administration of Foreign Exchange (SAFE) on Tuesday.
QFII, set up in 2002, lets funds invest onshore in China’s yuan-denominated A shares. The RQFII programme, introduced in 2011, gives investors access to renminbi to invest directly in A shares.
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