ANZ analysts point out that Chinese authorities had announced on 10 September, the cancellation of 1) the overall quota of QFII and RQFII, 2) the pre-approval of quotas for individual foreign investors and 3) the restriction of pilot regions for RQFII. Key Quotes “Offshore institutional investors will largely benefit from this move, as they are able to invest onshore markets only subject to the qualification examination by the CSRC thereafter. PBoC and SAFE will focus on the macro prudence of cross border flows.” “This move is to equalise the administration requirements of different investment channels, as Bond Connect has no such restriction. We expect the authority will further simplify existing investment channels to facilitate foreign investors.” “Capital inflows will not jump in short term as SAFE has never refused the quota requests before on the back of local currency depreciation. In the long-run, we expect more capital inflows as RMB assets have been included in major indexes with increasing weights.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CHF technical analysis: Under pressure between 0.9930/35 and 1-week-old support-line FX Street 4 years ANZ analysts point out that Chinese authorities had announced on 10 September, the cancellation of 1) the overall quota of QFII and RQFII, 2) the pre-approval of quotas for individual foreign investors and 3) the restriction of pilot regions for RQFII. Key Quotes "Offshore institutional investors will largely benefit from this move, as they are able to invest onshore markets only subject to the qualification examination by the CSRC thereafter. PBoC and SAFE will focus on the macro prudence of cross border flows." "This move is to equalise the administration requirements of different investment channels, as Bond Connect has no… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
