摘要
To implement the guiding opinions of the third plenary session of the 20th CPC Central Comittee,progresively expand the institutional opening up of the financial sector,and optimize the qualifed foreign investors scheme,the People's Bank of China(PBOC)and the State Administration of Foreign Exchange(SAFE)recently ised a notice on amending the Regulations on the Dormestic Securities and Futures Investment Capital ot Foreign Institutional Investors.The amended Regulations will further improve the management of the Cross border capital of Qualifed Foreign Institutional Investors(QFIIs)and RMB Qualified Foreign Institutional Investors(RQFIIs),and will come into ffect on August 26,2024.The Regulations helps establish a set of simple and harmonized rules for the onshore securities investment capital under China s market opening up programs,so as to fciltate QFI RQFII investment in China's capital market and further promote high.quality opening-up of the capital account.
