Renminbi Qualified Foreign Institutional Investor program
E717464
The Renminbi Qualified Foreign Institutional Investor (RQFII) program is a Chinese regulatory scheme that allows approved offshore institutions to invest offshore renminbi funds directly into mainland China’s domestic securities markets.
Statements (46)
| Predicate | Object |
|---|---|
| instanceOf |
Chinese regulatory scheme
ⓘ
capital market access mechanism ⓘ investment quota program ⓘ |
| allows |
investment by approved offshore institutional investors
ⓘ
investment in mainland China’s domestic securities markets ⓘ use of offshore renminbi funds for onshore investments ⓘ |
| alsoKnownAs |
RQFII program
NERFINISHED
ⓘ
Renminbi QFII program NERFINISHED ⓘ |
| appliesTo |
offshore institutional investors
ⓘ
offshore renminbi markets ⓘ |
| capitalControlRole | channels cross-border portfolio investment under quota ⓘ |
| controls | size of cross-border portfolio flows via quotas ⓘ |
| country | China ⓘ |
| currency | renminbi NERFINISHED ⓘ |
| distinguishedFrom | Qualified Foreign Institutional Investor program NERFINISHED ⓘ |
| feature |
access to China’s interbank bond market subject to rules
ⓘ
access to China’s stock exchanges subject to rules ⓘ approval requirement for participating institutions ⓘ quota-based investment limits ⓘ uses renminbi as investment currency instead of foreign currencies ⓘ |
| governs | eligibility of foreign institutional investors for renminbi investment quotas ⓘ |
| hasInvestmentCurrency | offshore renminbi ⓘ |
| investmentType |
portfolio investment
ⓘ
securities investment ⓘ |
| jurisdiction | mainland China ⓘ |
| language | Chinese ⓘ |
| linkedTo |
China’s capital account liberalization strategy
ⓘ
internationalization of the renminbi ⓘ |
| monitoredBy | Chinese financial regulators ⓘ |
| policyObjective |
development of offshore renminbi centers
ⓘ
gradual opening of China’s capital account ⓘ integration of onshore and offshore renminbi markets ⓘ |
| purpose |
to allow approved offshore institutions to invest offshore renminbi funds in mainland China’s domestic securities markets
ⓘ
to channel offshore renminbi liquidity into onshore capital markets ⓘ to promote international use of the renminbi ⓘ |
| regulator |
China Securities Regulatory Commission
NERFINISHED
ⓘ
People's Bank of China NERFINISHED ⓘ State Administration of Foreign Exchange NERFINISHED ⓘ |
| relatedTo | Qualified Foreign Institutional Investor program NERFINISHED ⓘ |
| requires | regulatory approval for participation ⓘ |
| riskType |
currency risk
ⓘ
quota risk ⓘ regulatory risk ⓘ |
| sector |
Chinese domestic capital markets
ⓘ
bond markets ⓘ securities markets ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.
A-shares
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accessMechanismForForeignInvestors
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Renminbi Qualified Foreign Institutional Investor program
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