China forex regulator eases capital rules for foreign investors
[SHANGHAI] China's foreign exchange regulator on Thursday relaxed foreign currency management rules under the Qualified Foreign Institutional Investor scheme (QFII), in an effort to further open the domestic capital market.
The upward investment limit for QFIIs would be raised, while the quota approval procedures would be simplified, the State Administration of Foreign Exchange said in a statement on its website.
Rules restricting QFIIs from moving capital in and out of China would also be eased, the statement said.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Money laundering accused Su Baolin to plead guilty after being handed 3 more charges
UBS flags 'serious' concern about new Swiss capital requirements
Lloyds bank says quarterly profits sink on higher costs
US seeks 36 months’ jail for Binance founder Zhao
Hong Kong bourse operator’s Q1 profit down 13% on weaker listings, trading
PBOC steps up rhetoric against long-end government bond rally