The annoucement that China’s securities regulator had lifted the investment quotas for both qualified foreign institutional investors QFIIs and renminbi-QFIIs is good news. The immediate ramifications may be small, but it could pave the way for a more pronounced shift in investment culture.
In essence, the 292 approved foreign investors, which include fund management companies and asset owners, can now invest as much money as they wish into China’s equity and bond markets.
That sounds like a big shift in policy, but in fact it’s more like a commitment. The truth is that since the opening of the Stock Connect programmes between Hong Kong and Shanghai...
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