| Eligible Investors | - Institutional investors with QFII/RQFII Licenses
- QFII: certain type of institutional investors with certain AUM and operation experience
- RQFII: institutional investors meet general operation and compliance requirements
- Entry requirements to be simplified and unified, quantitative criteria to be cancelled
| - All Hong Kong and overseas institutional and individual investors
|
| Investment Scope | - Primary and secondary market, including the SSE STAR Market
- Almost all exchange-listed or traded financial products, including equities, bonds, funds, futures and derivatives
- Further investment scope expanding under evaluation
| - Secondary market only, excluding the SSE STAR Market
- Eligible A shares listed in SSE and SZSE
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| Quota Control | - Individual-level quota
- Filing and approval required
- Quota limitation and approval management to be abolished
| |
| Key Features | - Onshore mechanism
- Close to domestic institutional investor treatment with access to wide range of financial products
| - Offshore mechanism
- Relatively flexible with limited range of eligible financial products
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