RQFII rules revised, official institution quotas scrapped

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RQFII rules revised, official institution quotas scrapped

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The State Administration of Foreign Exchange (Safe) revised the rules for RMB qualified foreign institutional investors (RQFII) seeking quotas, making allowances proportional to overall assets. In addition, all official institutions can now invest under RQFII with no quota limits, the regulator announced on September 5.

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