Clifford Chance
SAFE Revises Foreign Exchange Rules for QFIIs
4 January 2013
With a view to attracting more global institutional investors to participate in China's securities market, the State Administration of Foreign Exchange has recently introduced changes to the foreign exchange regime governing QFIIs. These changes include an increased investment quota cap, a new account structure and a more streamlined repatriation procedure. This briefing highlights these changes and examines the implications on the operation of QFIIs, and invites existing QFIIs to consider launching new initiatives to take advantage of the more flexible regulatory regime.
