China lifts investment quota restrictions for QFII, RQFII amid financial opening-up

 |  Xinhua

BEIJING, Sept. 10 (Xinhua) -- China's forex regulator Tuesday announced it will abolish the investment quota restriction for Qualified Foreign Institutional Investors (QFII) and Renminbi Qualified Foreign Institutional Investors (RQFII) to boost financial reforms and opening-up.

The QFII and RQFII programs, implemented in 2002 and 2011 respectively, allow overseas institutional investors to move money into China's capital account for investment.

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