CHINA: CSRC Publishes Draft Regulation on China QFII Scheme for Public Consultation

Friday July 20 2012

Further to the update on 21 June 2012, the China Securities Regulatory Commission (CSRC) published a draft regulation relating to the China qualified foreign institutional investor (QFII) scheme for public consultation.

In order to further facilitate the development of the QFII system, attract more long-term foreign funds and promote the steady development and opening-up of China’s capital markets, the CSRC has, on the basis of its experience of implementing the pilot QFII scheme, adopted the Provisions Concerning Issues Related to the Implementation of the Administrative Measures for Securities Investments in China by Qualified Foreign Institutional Investors and hereby solicits opinions on the same from the public.

Opinions and recommendations were to be sent in a written form or by email to the CSRC before July 5, 2012.

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