Raft of cross-border China reforms revealed
New rules will allow foreign investors to have controlling stakes in domestic Chinese trust firms, Z-Ben chief says. QFII reforms will include the introduction of daily repatriation and a $5bn quota cap.
A series of reforms to China’s cross-border investment market have been revealed by a senior strategist, and are set to be announced in the coming days and weeks.
The reforms will include the introduction of daily repatriation for QFII funds and a $5 billion quota for QFII licence holders.
In addition, updated rules will allow foreign investors to have controlling stakes in domestic Chinese trust companies.
Peter Alexander, CEO of Shanghai-based Z-Ben Advisors, said that the r…
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