QFIIQualified Foreign Institutional Investors
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The Draft QFII Regulations are just the latest in a series of actions from Chinese senior officials that demonstrate their intention to further open and internationalize Chinas futures markets.6 For instance, to attract more foreign investment, the Ministry of Finance has provided a tax exemption for foreign investors for profits derived from crude oil futures trading for three years beginning March 2018.7 Despite concerns over RMB volatility, the sheer size of the commodity futures markets in China will likely continue to incentivize Chinese authorities to further open Chinas exchanges to foreign participants.
QFII and RQFII are designed for foreign investors to trade securities in China's largely isolated capital market.
The QFII program, launched by the Chinese government in 2002, allows foreign investors to buy or sell shares on stock exchanges in Shanghai and Shenzhen.
It has suggested, for example, that the requirement for QFIIs to have assets of at least $5 billion might be dropped, and that total foreign investment in a single Saudi company may exceed 49 per cent.
By this stage, we expect the market to have more than priced in the long-term positive impact from QFII access.
The QFII arrangements must not be used to sell listed shares, or interests in them, to GCC citizens."
As per proposals circulating in the news, the CMA could classify FII (Foreign Institutional Investor) as qualified foreign institution investors (QFII) having minimum $5 billion assets under management and five years of experience in securities dealing."
Currently, KDB is preparing to make an investment in "Renminbi QFII," which allows foreign institutions to invest in the Chinese stock market by raising yuan outside China
--Both publicly and privately-owned financial institutions will be able to invest in China through Chinese mainland stock exchanges by participating in the Qualified Foreign Institutional Investor (QFII) program, and any increases in investment in China that are seen will be welcomed.
With the new allocation, KIA's accumulated investment quota as a qualified foreign institutional investor (QFII) reached USD 1.5 billion.
ASHR is subadvised by Harvest Global Investments Limited, which will avoid counterparty risks encountered when accessing A shares via derivative securities by means of a renminbi-denominated qualified foreign institutional investors (QFII) license.
* Expanded investment opportunities--China recently expanded from $30 billion to $80 billion the Qualified Foreign Institutional Investor (QFII) program, which since 2002 has allowed licensed investors to buy and sell shares in mainland Chinese stock exchanges.