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China proposes further opening up of capital markets to foreign investors


On 20 June 2012, the China Securities Regulatory Commission published a draft regulation relating to the qualified foreign institutional investor scheme for public consultation. This Draft Regulation proposes to relax the entry criteria under the QFII scheme and is intended to replace the qualification requirements for a foreign investor to apply for QFII status in China that are currently in place since the issuance of the circular issued on 24 August 2006.

Shearman & Sterling summarise the proposals and explain why substantially lowering the qualification requirements for QFII status will significantly expand the number of potential qualified applicants for QFII status.

For full details, click 'View Briefing'.