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ARTICLE · 25 JULY 2013

Irish Funds – Gateway To The Chinese Securities Markets

Dillon Eustace
Dillon Eustace
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Dillon Eustace

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The Qualified Foreign Institutional Investor scheme has since it was launched by the People's Bank of China, the China Securities Regulatory Commission and the State Administration of Foreign Exchange in 20021 been the principal method for foreign investors to invest directly in the securities markets of China.

IrelandFinance and Banking
Dillon Eustace
Dillon Eustace
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INTRODUCTION

The Qualified Foreign Institutional Investor ("QFII") scheme has since it was launched by the People's Bank of China ("PBOC"), the China Securities Regulatory Commission ("CSRC") and the State Administration of Foreign Exchange ("SAFE") in 20021 been the principal method for foreign investors to invest directly in the securities markets of China. It allows foreign institutional investors to invest in China's capital markets, subject to first obtaining a QFII license from the CSRC and then an investment quota allocated by the SAFE.

CSRC, PBOC and SAFE have taken a gradual approach to broadening the appeal of the QFII scheme to foreign investors by lowering the threshold requirements for applicants seeking QFII licences, expanding the universe of permissible investments available to QFIIs and increasing the total QFII quota in April 2012 by US $50 billion to US $80 billion and on 12 July 2013 from US $80 billion to US $150 billion.

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