China may abolish QFII within five years, says Harvest

Oct 27, 2010

It's likely to be scrapped to make way for a 'free-market investing scheme' en route to capital controls being fully lifted in the next decade, says Harvest Global Investment’s Mao Shuguang.

There have been a lot of renminbi-market developments in the last two years, particularly the past three months, noted Eric Chow, deputy head of business development at HSBC, this week.

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