Beijing scraps QFII and RQFII allocation limits
On Friday China's securities regulator removed the asset allocation limits under the two cross-border investment scheme, in a bid to boost foreign flows.
Beijing has scrapped asset allocation limits for the qualified foreign institutional investor (QFII) scheme and its renminbi equivalent (RQFII) to provide further flexibility and attract more foreign capital under the two cross-border schemes.
“The move aims to facilitate investment and lure more long-term flows," said Deng Ke, a spokesman for the China Securities Regulatory Commission at a briefing on Friday.
QFII licence-holders in the past had to put at least 50% of their to…
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