China Securities Journal | PBC and SAFE Issue Draft Capital Management Rules for Foreign Investors

Translated and edited from China Securities Journal

People's Bank of China (PBC) and State Administration of Foreign Exchange (SAFE) on Nov.10, 2023 issued draft capital management rules on domestic securities and futures investments by Qualified Foreign Institutional Investors (QFII) and Renminbi Qualified Foreign Institutional Investors (RQFII).

It will further streamline registration procedures for foreign inbound investment, optimize fund accounts management, simplify remittance procedures and facilitate foreign exchange risk management for QFII and RQFII investors.