RQFII regulation change set to unlock unused quotas

China’s State Administration of Foreign Exchange (Safe) is planning to make the Renminbi Qualified Foreign Institutional Investor (RQFII) scheme more flexible by allowing institutions to allocate their quota to any of their own RQFII products, instead of having to apply for product-based approval on a case by case basis, two RQFII fund managers have told GlobalRMB.