Qualified Foreign Institutional Investor program
E717463
The Qualified Foreign Institutional Investor program is a regulatory scheme in China that allows approved overseas institutions to invest directly in the country’s domestic securities markets under specified quotas and rules.
Statements (44)
| Predicate | Object |
|---|---|
| instanceOf |
Chinese financial regulatory scheme
ⓘ
investment program ⓘ |
| allows | approved overseas institutional investors to invest in China’s domestic securities ⓘ |
| alsoKnownAs |
QFII program
NERFINISHED
ⓘ
Qualified Foreign Institutional Investor scheme NERFINISHED ⓘ |
| beneficiary |
Chinese issuers accessing foreign portfolio capital
ⓘ
foreign institutional investors seeking exposure to Chinese onshore markets ⓘ |
| capitalControlRole | tool for managing cross-border portfolio capital flows ⓘ |
| country | China ⓘ |
| currency | foreign currencies converted into renminbi under regulatory rules ⓘ |
| distinguishedFrom | offshore investment in Chinese companies via H-shares or ADRs ⓘ |
| eligibility |
other qualified financial institutions approved by Chinese regulators
ⓘ
overseas asset management institutions ⓘ overseas commercial banks ⓘ overseas insurance companies ⓘ overseas securities firms ⓘ |
| feature |
capital lock-up and repatriation rules
ⓘ
currency conversion controls ⓘ licensing of qualified foreign institutional investors ⓘ quota-based investment limits ⓘ |
| governedBy | Chinese securities law and foreign exchange regulations ⓘ |
| investmentScope |
Chinese A-shares
ⓘ
bonds traded on Chinese exchanges ⓘ mutual funds ⓘ stock index futures (subject to regulatory rules) ⓘ warrants ⓘ |
| legalBasis | CSRC and SAFE regulations on qualified foreign institutional investors ⓘ |
| marketType | China’s domestic securities markets ⓘ |
| objective |
to encourage institutional, long-term investment in China’s capital markets
ⓘ
to improve market transparency and regulatory oversight of foreign investors ⓘ |
| purpose |
to channel long-term foreign capital into China’s domestic capital markets
ⓘ
to maintain control over the pace and scale of foreign portfolio inflows ⓘ to promote the opening of China’s capital markets ⓘ |
| regulates | foreign institutional investment in China’s domestic securities markets ⓘ |
| regulator |
China Securities Regulatory Commission
NERFINISHED
ⓘ
People’s Bank of China NERFINISHED ⓘ State Administration of Foreign Exchange NERFINISHED ⓘ |
| relatedProgram |
Qualified Domestic Institutional Investor program
NERFINISHED
ⓘ
Renminbi Qualified Foreign Institutional Investor program NERFINISHED ⓘ |
| requires |
approval of individual investment quotas
ⓘ
regulatory approval for QFII status ⓘ |
| riskManagementObjective | to reduce volatility from sudden capital inflows and outflows ⓘ |
| supervisedBy | Chinese financial regulatory authorities ⓘ |
| typeOfAccess | direct access to onshore exchanges under quota ⓘ |
Referenced by (1)
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