Qualified Foreign Institutional Investor

[2] Thus foreign investors benefit from an opportunity to invest onshore, which is otherwise often insulated from the rest of the world, and subject to capital controls governing the movement of assets in-and-out of the country.

While aspects of the increased quota seem likely to take business from Hong Kong, a pilot program in Wenzhou for domestic investors to invest abroad was considered a possible offset for the financial center.

[6] The QFII expansion was also followed quickly by the "approval of new ETF products that will be denominated in offshore yuan (CNH) but will trade on the Hong Kong Stock Exchange".

[10] In September 2019, China's State Administration of Foreign Exchange (SAFE) published a statement, it would remove quotas on the QFII scheme and RQFII.

[11] At the end of September 2020, published by The China Securities Regulatory Commission (CSRC), the central bank(PBOC) and the foreign exchange regulator(SAFE), combine the QFII scheme and RQFII.