Authors: John Xu, Chong Liew, Stephen Song, Simon Zhang, Colette Pan

Mainland China - The New Unified Qualified Foreign Investor Regime

The China Securities Regulatory Commission (“CSRC”), People’s Bank of China (“PBoC”) and State Administration of Foreign Exchange (“SAFE”) recently released new rules which are a very important step towards replacing the separate QFII and RQFII regulatory regimes with a unified Qualified Foreign Investor (“QFI”) regime. The new rules contain many exciting changes, including the widely telegraphed abolition of investment quotas, and may signify a new approach to QFI investment business by both market participants and regulators.