This undated file photo shows an exterior view of the People”s Bank of China in Beijing, capital of China. [Photo/Xinhua]
SHANGHAI — China will simplify and improve fund management for the dollar-denominated Qualified Foreign Institutional Investor scheme (QFII) and its yuan-denominated sibling, RQFII, Zhu Hexin, deputy governor of the People’s Bank of China, said on Wednesday.
The QFII and RQFII programs are designed to allow overseas investors to invest in China’s domestic capital markets.
“We are revising relevant fund management regulations,” said Zhu, who is also the head of the State Administration of Foreign Exchange, at the ongoing Lujiazui Forum held in Shanghai. Zhu called for efforts to facilitate foreign investors’ participation in domestic securities investment and promote financial market connectivity.
He added that China will also…
