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China lifts investment quota limit for QFII, RQFII amid financial opening-up
China's forex regulator Tuesday announced it would abolish the investment quota restrictions for Qualified Foreign Institutional Investors (QFII) and Renminbi Qualified Foreign Institutional Investors (RQFII) to boost financial reforms and opening-up. The two programs have been important in the opening-up of China's financial market, according to the State Administration of Foreign Exchange (SAFE). Since the implementation of QFII system in 2002 and RQFII system in 2011, more than 400 institutional investors from 31 countries and regions have invested in China's financial market in this way, according to the SAFE. In ... (full story)