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A clerk counts stacks of Chinese yuan at a bank on July 22, 2005 in Shanghai, China.

China to Scrap QFII, RQFII Asset Allocation Limits for Foreign Investors

Oct 03, 2016 07:00 AM EDT

China's security regulators on Friday said it will scrap limits on asset allocations under the Qualified Foreign Institution Investor (QFII) program in an attempt to attract more long-term capital, the official Shanghai Securities News posted on its website.

A clerk counts stacks of Chinese yuan and U.S. dollars at a bank on July 22, 2005 in Shanghai, China.

China Eases RQFII Rules to Attract More Foreign Investors

Charissa Echavez |

Sep 07, 2016 12:49 PM EDT

Chinese regulators issued more relaxed investment rules under the Renminbi Qualified Foreign Institutional Investor (RQFII) program on Monday, a step to open its market and give foreign investors more freedom to buy A shares in mainland China.