Major QFII changes seen targeting MSCI inclusion
Beijing has further liberalised the QFII scheme in respect of the quota approval process and capital repatriation rules – moves seen as targeting A-share inclusion in the MSCI global benchmark.
China's foreign exchange regulator has unveiled significant changes to the cross-border qualified foreign institutional investor (QFII) scheme, to address concerns over accessibility to its capital markets.
The reforms include combining the current approval system for quotas with a registration approach, and allowing capital repatriation on a daily – rather than weekly – basis for all institutions.
Industry observers said the mainland authorities were seeking to strengthen the c…
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