Upon the approval by the State Council, for the purpose of further opening up China’s capital markets, China Securities Regulatory Commission (CSRC), People’s Bank of China (PBC), and State Administration of Foreign Exchange (SAFE) hereby release the Measures for the Administration of Domestic Securities and Futures Investment by Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (hereinafter referred to as the Measures) on September, 25th , 2020.
The CSRC is simultaneously releasing an implementary rule, Provisions on Issues Concerning the Implementation of the Measures for the Administration of Domestic Securities and Futures Investment by Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (hereinafter referred to as the Provisions). The Measures and the Provisions shall take effect on November, 1st ,2020.
In accordance with the rule-making procedure, the CSRC has solicited public comments on the draft versions of the Measures and the Provisions. Market participants expressed universal support for the main contents of the Measures and Provisions and recommended expeditious implementation to promote market internationalization and balance the development of existent channels for foreign investment. Some domestic and foreign institutions recommended modifications to further ease foreign access, relax qualification requirements, facilitate investment, expand scope of investment, etc.. After thorough deliberation, comments that were reasonable and practical were incorporated into the finalized versions of Measures and Provisions.
for more details, check https://qmhedging.blogspot.com/2020/09/csrc-pbc-and-safe-release-measures-for.html
The CSRC is simultaneously releasing an implementary rule, Provisions on Issues Concerning the Implementation of the Measures for the Administration of Domestic Securities and Futures Investment by Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (hereinafter referred to as the Provisions). The Measures and the Provisions shall take effect on November, 1st ,2020.
In accordance with the rule-making procedure, the CSRC has solicited public comments on the draft versions of the Measures and the Provisions. Market participants expressed universal support for the main contents of the Measures and Provisions and recommended expeditious implementation to promote market internationalization and balance the development of existent channels for foreign investment. Some domestic and foreign institutions recommended modifications to further ease foreign access, relax qualification requirements, facilitate investment, expand scope of investment, etc.. After thorough deliberation, comments that were reasonable and practical were incorporated into the finalized versions of Measures and Provisions.
for more details, check https://qmhedging.blogspot.com/2020/09/csrc-pbc-and-safe-release-measures-for.html
