Investor Presentaiton
QFII and RQFII: Main Channel For China A Shares Investment
The QFII scheme was established in 2002 to attracted foreign institutional investors to invest in China's domestic A-share market. RQFII was
launched around 10 years after the QFII schemes to be further expanded to meet the increasing demand for offshore RMB products.
QFII Scheme
The Qualified Foreign Institutional Investors (QFII) scheme is
a program that allows foreign asset owners, sell sides and
asset managers to make foreign currency -denominated
(primarily USD) investments into securities markets on the
China.
The QFII scheme has transformed from an initial test-bed for
foreign participation in the China securities market to the
cornerstone of China's cross-border programs. We believe
QFII will paly a pivotal role in the opening of China's capital
account.
QFIls Around the World
RQFII Scheme
The RMB Qualified Foreign Institutional Investors (RQFII) scheme is to
promote usage of the RMB abroad by providing a RMB-denominated
investment channel into China's capital-controlled environment.
The RQFII scheme has been dominated by asset managers since the
scheme's inception in 2011. We are now seeing the scheme grow to include
asset owners and the sell side.
Continuous Expansion of RQFII (RMB in Billions)
Country/
Region
Inception
Date
Quota Ceiling
No. of RQFIls
with Quota
Total Approved
Quota
Hong Kong
2011
270
79
270
Singapore
2013
100
23
56.5
UK
2013
80
15
30.1
France
2014
80
7
24
Korea
2014
120
34
74
North America
59
USD 11.038 bn
Germany
2014
80
2
6.543
Qatar
2014
Canada
2014
Australia
2014
Middle East
Europe
65
USD17.128 bn
Switzerland
2015
Luxemburg
2015
USD 5 bn
Africa
APAC
169
Chile
2015
USD 0.15 bn
USD 47.865 bn
Hungary
2015
No. of QFIIS
• Size of Quota
Malaysia
2015
UAE
2015
Thailand
2015
엉엉엉엉엉엉엉엉엉 8
30
50
50
50
50
02113
0
1.825
30
5
50
50
50
0
50
50
United States
2016
250
O O O O
O o O o O o
10
0
0
0
0
0
0
Source: CSRC, SAFE.
99
citiView entire presentation