FIA submitted a consultation paper on the Measures for the Administration of Domestic Securities and Futures Investment by Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors. The objective is to unify the qualification requirements for QFII and RQFII. This means Foreign Institutional investors will only need to submit a single application and FIA is supportive of this consolidated approach. FIA also supports the harmonization of QFII/RQFII requirements with those under the Stock Connect and Foreign Direct Access to China Interbank Market regimes.
