Qualifying Foreign Institutional Investors Investing in Domestic Securities Markets Tentative Procedures the QFII Tentative Procedures were promulgated by the China Securities Regulatory Commission and the People's Bank of China on 5 November.
Key features of interest include
Opening the A share and domestic bond markets to foreign investment for the first time
Access to the A share RMB denominated shares issued by PRC companies listed on one of the two domestic Stock Exchanges in Shanghai and Shenzhen market was previously reserved only for domestic PRC individuals and institutions and consequently off-limits to offshore foreign investors.
The QFII Tentative Procedures mean that certain types of institutional investors outside the PRC which meet the relevant criteria...