36Commission in principle, no longer on the QFII, rqfii asset allocation ratio to limit|Commission in principle, no longer on the QFII, rqfii asset allocation ratio to limit2

SFC: in principle no longer made of QFII, RQFII asset allocation proportion – Beijing, China News Agency, Beijing (reporter Chen Kangliang) in September 30, China Commission spokesman Deng Ge said in Beijing on the 30 day, the Commission will in the future in principle no longer for qualified foreign institutional investors (QFII), RMB qualified foreign institutional investors (RQFII) the proportion of asset allocation restrictions, by its own decision. In the near future, I will (ie, the Securities Regulatory Commission) relevant departments have been informed of the adjustment of this regulatory policy QFII, RQFII custodian banks. At the same time, I will continue to strengthen the supervision of their investment activities." Deng Ge said. To gradually expand the capital market opening up, China implemented the QFII system in 2002, the implementation of the RQFII system in 2011. Two of the overall system can run smoothly, the introduction of long-term funds, overseas investors to optimize the structure, guide the value of the investment, improve the governance of listed companies, to promote capital market reform and stable China healthy development has played a positive role. From the official data show that as of the end of August 2016, 300 overseas institutions approved QFII qualifications, approved investment quota of $81 billion 500 million; 210 overseas institutions approved RQFII qualifications, approved the investment amount of 510 billion 300 million yuan. Deng Ge said that at the beginning of the pilot and the international financial crisis after a period of time, the Commission had conducted window guidance through custodian banks asset allocation ratio of QFII, RQFII, QFII as the stock investment ratio of not less than 50%, the proportion of cash QFII, RQFII less than 20%. In recent years, the gradual expansion of China’s capital markets and foreign institutions to enter the open channel, QFII, RQFII hopes to further enhance the flexibility of its asset allocation. In order to increase the convenience of investment operations, the introduction of more foreign long-term funds, the Commission in the future will no longer be limited to QFII, RQFII asset allocation ratio in principle, by its own decision." Deng Ge said. In this regard, British Securities chief economist Li Daxiao believes that this is a major good news, not only conducive to foreign investment in A shares market, but also conducive to the promotion of A shares MSCI docking (company) index, bring incremental funding, boost investor confidence. (end)