QFII/RQFII Development history
- 2020.9New QFII/RQFII regulations were issued to lower the entry threshold and expand the scope of investment
- 2020.5Simplified QFII and RQFII domestic securities and futures investment fund management requirements
- 2019.9The State Administration of Foreign Exchange (SAFE) abolished the QFII and RQFII investment quota limits
- 2019.6The pilot RQFII program was extended to the Netherlands, with an investment quota of 50 billion yuan
- 2019.2China Securities Regulatory Commission (CSRC) solicited opinions on the merger of QFII and RQFII systems and the expansion of investment scope, and plans to raise the new three board, bond repurchase, private investment funds, financial futures, commodity futures, options and other investment types
- 2019.1The total quota of QFII investment was increased from 150 billion US dollars to 300 billion US dollars
- 2018.6Eliminated the monthly QFII fund remittance limit of no more than 20% of total domestic assets at the end of the previous year; Canceled QFII, RQFII principal 3 months lock-up period requirement
- 2018.5Japan was granted a RQFII quota of 200 billion yuan
- 2017.5RQFII in Hong Kong expanded its quota from 270 billion yuan to 500 billion yuan
- 2016.12The RQFII pilot area was extended to Ireland, with an investment quota of 50 billion yuan
- 2016.9Eliminated the requirement that QFII asset allocations be at least 50% in equities
- 2016.2Relaxed the cap on the QFII investment quota for a single institution, reducing the period from one year to three months
- 2014.11RQFII increases the total quota of 200 billion yuan
- 2013.7South Korea received a total RQFII quota of 80 billion yuan, while Germany received a total RQFII quota of 70 billion yuan
- 2013.7The total quota for QFII investment was increased from $80 billion to $150 billion
- 2012.12Single QFII quota increased from $1 billion to $5 billion (Sovereign Funds, Central Banks)
- 2012.7Lowered the qualification requirements for QFII approval, expanded the scope of investment, and relaxed the upper limit of foreign ownership of A-shares from 20% to 30%
- 2012.4The total quota for QFII investment was increased from $30 billion to $80 billion
- 2011.12The RQFII system was formed with an initial quota of 20 billion yuan
- 2011.5Allowed QFII to participate in the stock index futures market based on hedging
- 2010For QFII asset allocations, the proportion of stocks was not less than 50% and the proportion of cash was not more than 20%
- 2009.10Individual QFII quotas were raised to $1 billion from $800 million
- 2007.12The total quota for QFII investment was increased from $10 billion to $30 billion
- 2002.12The QFII system began to be implemented
Scope of Investment for QFII/RQFII
(Finalized Details Need To Be Announced)
- 01Stocks, depository receipts, bonds, bond repurchases and asset-backed securities traded or transferred on stock exchanges;
- 02Stocks and other securities transferred through the National Share Transfer System for Small and Medium-sized Enterprises (hereinafter referred to as the National Share Transfer System);
- 03Products traded in the inter-bank bond market and bond, interest rate and foreign exchange derivatives that the People's Bank of China (hereinafter referred to as the People's Bank of China) allows QFII to invest in;
- 04Publicly offered securities investment funds;
- 05Financial futures contracts listed and traded on the China Financial Futures Exchange (hereinafter referred to as CICC);
- 06Commodity futures contracts listed and traded in futures trading venues established with the approval of the CSRC;
- 07Options listed and traded in trading venues established with the approval of the State Council or the China Securities Regulatory Commission;
- 08The State Administration of Foreign Exchange (hereinafter referred to as SAFE) allows QFII to trade foreign exchange derivatives for hedging purposes;
- 09Other financial instruments permitted by the CSRC.
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