Clifford Chance
PRC Regulators Further Streamlined Foreign Exchange Administration Of QFII and RQFII
29 June 2018
The State Administration of Foreign Exchange (SAFE) released an updated version of the Foreign Exchange Administrative Provisions on the Domestic Securities Investment by Qualified Foreign Institutional Investors (QFII) (the QFII FX Rule) on 10 June 2018. Two days later, SAFE, together with the People's Bank of China (PBoC), jointly issued an updated version of the Circular on Administration of Domestic Securities Investment by Renminbi Qualified Foreign Institutional Investors (RQFII) (the RQFII Circular).
