Published On: Sat, Mar 9th, 2013

HK SFC Welcomes the Expansion of RQFII Pilot Scheme

Alexa Lam, HK SFC Deputy CEO

Alexa Lam, HK SFC Deputy CEO

The Securities and Futures Commission (SFC) welcomes the announcement by the Mainland authorities in amending the rules relating to Renminbi Qualified Foreign Institutional Investors (RQFII). The amendments will, among other things, increase the types of qualified RQFII holders as well as relax investment restrictions of RQFII funds.

“We are pleased to see the expansion of the RQFII pilot scheme, which provides new opportunities for the industry and the investors in Hong Kong. The changes will allow more market players to participate in the RQFII scheme, promote the development of a broader range of renminbi investment products, and strengthen Hong Kong’s status as a premier offshore renminbi centre,” the SFC’s Deputy Chief Executive Officer, Mrs Alexa Lam said.

The SFC will continue to maintain close dialogue with the Mainland authorities to facilitate the development and implementation of the RQFII regime.

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