VII. Further opening up financial sector
China will forge ahead with the all-round opening-up of its financial industry and create a fair environment for competition, attracting more global participants into banking, insurance, securities, asset management and other sectors.
Foreign investors can enjoy easier market access and broader investment scope when investing via the dollar-denominated Qualified Foreign Institutional Investors (QFII) and the yuan-denominated Renminbi Qualified Foreign Institutional Investors (RQFII) schemes, according to the China Securities Regulatory Commission (CSRC).
In early May, China scrapped quota restrictions on the QFII and RQFII schemes, which further facilitated overseas capital inflows into the A-share market.