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PBs, AMs shrug off near-term impact of QFII and RQFII quota removal

China’s currency regulator, the State Administration of Foreign Exchange (SAFE), announced on Tuesday that it will remove investment quotas for both the QFII and RQFII programmes. Although most financial institutions consider the further opening of China’s domestic market to be a positive move, they believe the near-term implications are limited. Introduced in 2002, the Qualified Foreign Institutional Investor (QFII) scheme offers…

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