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class="third-menu-tab"><a tie="12197,12200,12201" colid="12201" class="third-title" href="/markets/equities/overview/" target="_self">Overview</a> <ul class="fourth-menu fourth-menu-area" style="display: none;"> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12200,12201,12268" colid="12268" class="fourth-title" href="/markets/equities/overview/info/" target="_self">info</a></li> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12200,12201,12356" colid="12356" class="fourth-title" href="/markets/equities/overview/performance/" target="_self">performance</a></li> </ul></li> <li class="third-menu-tab"><a tie="12197,12200,12203" colid="12203" class="third-title" href="/markets/equities/data/" target="_self">Securities Prices</a></li> <li class="third-menu-tab"><a tie="12197,12200,12204" colid="12204" class="third-title" href="/markets/equities/highlights/bluechipmarket/" target="_self">Highlights</a> <ul class="fourth-menu fourth-menu-area" style="display: none;"> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12200,12204,12269" colid="12269" class="fourth-title" href="/markets/equities/highlights/bluechipmarket/" target="_self">Bluechipmarket</a> <ul class="fifth-menu fifth-menu-area" style="display: none;"> <li style="display:none" class="fifth-menu-tab"><a tie="12197,12200,12204,12269,12271" colid="12271" class="fifth-title" href="/markets/equities/highlights/bluechipmarket/market/" target="_self">market</a></li> <li style="display:none" class="fifth-menu-tab"><a tie="12197,12200,12204,12269,12353" colid="12353" class="fifth-title" href="/markets/equities/highlights/bluechipmarket/active/" target="_self">active</a></li> <li style="display:none" class="fifth-menu-tab"><a tie="12197,12200,12204,12269,12354" colid="12354" class="fifth-title" href="/markets/equities/highlights/bluechipmarket/bluechip/" target="_self">bluechip</a></li> <li style="display:none" class="fifth-menu-tab"><a tie="12197,12200,12204,12269,12355" colid="12355" class="fifth-title" href="/markets/equities/highlights/bluechipmarket/highbluechip/" target="_self">highbluechip</a></li> </ul></li> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12200,12204,12270" colid="12270" class="fourth-title" href="/markets/equities/highlights/neweconomy/" target="_self">Neweconomy</a> <ul class="fifth-menu fifth-menu-area" style="display: none;"> <li style="display:none" class="fifth-menu-tab"><a tie="12197,12200,12204,12270,12272" colid="12272" class="fifth-title" href="/markets/equities/highlights/neweconomy/market/" target="_self">market</a></li> </ul></li> </ul></li> <li class="third-menu-tab"><a tie="12197,12200,12202" colid="12202" class="third-title" href="/markets/equities/announcements/" target="_self">Listed Company Announcements</a></li> <li style="display:none" class="third-menu-tab"><a tie="12197,12200,12273" colid="12273" class="third-title" href="/markets/equities/data/" target="_self">List</a> <ul class="fourth-menu fourth-menu-area" style="display: none;"> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12200,12273,12274" colid="12274" class="fourth-title" href="/markets/equities/list/overview/" target="_self">Overview</a></li> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12200,12273,12275" colid="12275" class="fourth-title" href="/markets/equities/list/quotation/" target="_self">Quotation</a></li> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12200,12273,12276" colid="12276" class="fourth-title" href="/markets/equities/list/announcements/" target="_self">Announcements</a></li> </ul></li> </ul></li> <li class="second-menu-tab" ishover="true"><a tie="12197,12205" colid="12205" class="second-title" href="/markets/bonds/overview/" target="_self">Bonds<i class="fe fe-chevron-right"></i></a> <ul class="third-menu third-menu-area" style="display: none;"> <li class="third-menu-tab"><a tie="12197,12205,12277" colid="12277" class="third-title" href="/markets/bonds/overview/" target="_self">Overview</a> <ul class="fourth-menu fourth-menu-area" style="display: none;"> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12205,12277,12278" colid="12278" class="fourth-title" href="/markets/bonds/overview/Introduction/" target="_self">Introduction</a></li> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12205,12277,12378" colid="12378" class="fourth-title" href="/markets/bonds/overview/timeline/" target="_self">timeline</a></li> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12205,12277,12379" colid="12379" class="fourth-title" href="/markets/bonds/overview/investors/" target="_self">investors</a></li> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12205,12277,12380" colid="12380" class="fourth-title" href="/markets/bonds/overview/process/" target="_self">process</a></li> </ul></li> <li class="third-menu-tab"><a tie="12197,12205,12279" colid="12279" class="third-title" href="/markets/bonds/bondslist/" target="_self">Bond List</a></li> <li class="third-menu-tab"><a tie="12197,12205,12280" colid="12280" class="third-title" href="/markets/bonds/bondbuybacklist/" target="_self">Bond Repo List</a></li> </ul></li> <li class="second-menu-tab" ishover="true"><a tie="12197,12206" colid="12206" class="second-title" href="/markets/funds/overview/" target="_self">Funds<i class="fe fe-chevron-right"></i></a> <ul class="third-menu third-menu-area" style="display: none;"> <li class="third-menu-tab"><a tie="12197,12206,12281" colid="12281" class="third-title" href="/markets/funds/overview/" target="_self">Overview</a> <ul class="fourth-menu fourth-menu-area" style="display: none;"> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12206,12281,12283" colid="12283" class="fourth-title" href="/markets/funds/overview/introduction/" target="_self">introduction</a></li> </ul></li> <li class="third-menu-tab"><a tie="12197,12206,12282" colid="12282" class="third-title" href="/markets/funds/fundlist/" target="_self">Fund List</a></li> <li class="third-menu-tab"><a tie="12197,12206,13272" colid="13272" class="third-title" href="/markets/funds/reits/intro/" target="_self">Publicly Offered Infrastructure REITs</a></li> </ul></li> <li class="second-menu-tab" ishover="true"><a tie="12197,12207" colid="12207" class="second-title" href="/markets/derivatives/overview/50etf/" target="_self">Derivatives<i class="fe fe-chevron-right"></i></a> <ul class="third-menu third-menu-area" style="display: none;"> <li class="third-menu-tab"><a tie="12197,12207,12284" colid="12284" class="third-title" href="/markets/derivatives/overview/50etf/" target="_self">Overview</a> <ul class="fourth-menu fourth-menu-area" style="display: none;"> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12207,12284,14799" colid="14799" class="fourth-title" href="/markets/derivatives/overview/50etf/" target="_self">SSE 50ETF Options</a></li> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12207,12284,14800" colid="14800" class="fourth-title" href="/markets/derivatives/overview/300etf/" target="_self">CSI 300ETF Options</a></li> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12207,12284,14801" colid="14801" class="fourth-title" href="/markets/derivatives/overview/500etf/" target="_self">CSI 500ETF Options</a></li> </ul></li> <li class="third-menu-tab"><a tie="12197,12207,12287" colid="12287" class="third-title" href="/markets/derivatives/statistic/day/" target="_self">Statistics</a> <ul class="fourth-menu fourth-menu-area" style="display: none;"> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12207,12287,12288" colid="12288" class="fourth-title" href="/markets/derivatives/statistic/day/" target="_self">Day</a></li> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12207,12287,12289" colid="12289" class="fourth-title" href="/markets/derivatives/statistic/month/" target="_self">Month</a></li> </ul></li> <li class="third-menu-tab"><a tie="12197,12207,12290" colid="12290" class="third-title" href="/markets/derivatives/quotation/" target="_self">Quotation</a></li> </ul></li> <li class="second-menu-tab"><a tie="12197,12208" colid="12208" class="second-title" href="/markets/greensecurities/" target="_self">Green Securities</a> <ul class="third-menu third-menu-area" style="display: none;"> <li style="display:none" class="third-menu-tab"><a tie="12197,12208,12291" colid="12291" class="third-title" href="/markets/greensecurities/info/" target="_self">info</a></li> </ul></li> <li class="second-menu-tab" ishover="true"><a tie="12197,12209" colid="12209" class="second-title" href="/markets/dataservice/products/" target="_self">Data Services<i class="fe fe-chevron-right"></i></a> <ul class="third-menu third-menu-area" style="display: none;"> <li class="third-menu-tab"><a tie="12197,12209,12210" colid="12210" class="third-title" href="/markets/dataservice/products/" target="_self">Market Data Products</a> <ul class="fourth-menu fourth-menu-area" style="display: none;"> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12209,12210,12292" colid="12292" class="fourth-title" href="/markets/dataservice/products/products/" target="_self">products</a> <ul class="fifth-menu fifth-menu-area" style="display: none;"> <li style="display:none" class="fifth-menu-tab"><a tie="12197,12209,12210,12292,12293" colid="12293" class="fifth-title" href="/markets/dataservice/products/products/infomation/" target="_self">infomation</a></li> <li style="display:none" class="fifth-menu-tab"><a tie="12197,12209,12210,12292,12294" colid="12294" class="fifth-title" href="/markets/dataservice/products/products/significance/" target="_self">significance</a></li> <li style="display:none" class="fifth-menu-tab"><a tie="12197,12209,12210,12292,12295" colid="12295" class="fifth-title" href="/markets/dataservice/products/products/transmission/" target="_self">transmission</a></li> <li style="display:none" class="fifth-menu-tab"><a tie="12197,12209,12210,12292,12296" colid="12296" class="fifth-title" href="/markets/dataservice/products/products/dissemination/" target="_self">dissemination</a></li> </ul></li> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12209,12210,12297" colid="12297" class="fourth-title" href="/markets/dataservice/products/data/" target="_self">data</a></li> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12209,12210,12298" colid="12298" class="fourth-title" href="/markets/dataservice/products/contact/" target="_self">contact</a></li> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12209,12210,12299" colid="12299" class="fourth-title" href="/markets/dataservice/products/contactabroad/" target="_self">contactabroad</a></li> </ul></li> <li class="third-menu-tab"><a tie="12197,12209,12211" colid="12211" class="third-title" href="/markets/dataservice/list/" target="_self">Overseas Client List</a></li> <li class="third-menu-tab"><a tie="12197,12209,12868" colid="12868" class="third-title" href="/markets/dataservice/xbrl/" target="_self">XBRL</a> <ul class="fourth-menu fourth-menu-area" style="display: none;"> <li style="display:none" class="fourth-menu-tab"><a tie="12197,12209,12868,12869" colid="12869" class="fourth-title" href="/markets/dataservice/xbrl/" target="_self">Companyinfo</a> <ul class="fifth-menu fifth-menu-area" style="display: none;"> <li style="display:none" class="fifth-menu-tab"><a tie="12197,12209,12868,12869,12870" colid="12870" class="fifth-title" href="/markets/dataservice/xbrl/companyinfo/note/" target="_self">note</a></li> </ul></li> </ul></li> </ul></li> </ul></li> <li class="nav-item"><a tie="12212" colid="12212" class="nav-tab" href="javascript:void(0);" target="_self">Getting Started</a> <ul class="second-menu second-menu-area" style="display: none;"> <li 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class="menu_style_0">Newsletter</a></li> <li class="second-nav-item"><a href="http://roadshow.sseinfo.com/en/roadshowList.do?downId=2" class="menu_style_0">Performance Briefings</a></li> </ul></li> </ul> </div> </div> </nav> </header> </div> <main class="main mainbg"> <div class="banner js_page_banner"> <div class="container"> <h1>QFII/RQFII</h1> </div> </div> <div class="container"> <ul class="path"></ul> </div> <div class="page_content"> <div class="container "> <div class="lev1_marginblock "> <div class="title_1 "> <h1>Brief Introduction </h1> </div> <div class="lev1_paddingblock_noborder "> <p>Qualified Foreign Institutional Investor (QFII) Scheme was introduced in 2002, and was one of the first key efforts to internationalize mainland China’s financial markets. It is a transitional arrangement that allows international institutional investors who meet certain qualification to directly invest in a permitted range of financial products in mainland China’s capital market, in the context of incomplete free flow of capital accounts.</p> <p>RMB Qualified Foreign Institutional Investor (RQFII) was launched in late 2011, which allows qualified foreign investors in certain pilot countries or regions to directly invest in mainland China’s capital market using offshore RMB.</p> <p>A major revision took place in September 2020, where the previously separate regimes for QFII and RQFII qualifications and rules are integrated; qualification requirements are relaxed; application documents are streamlined; review cycle is cut short; and a simplified reviewing procedure is applied. The restriction on the number of intermediaries servicing a QFII or RQFII is removed; supervision over the reporting and filing of QFIIs and RQFIIs is improved; and requirements for data submission are reduced.</p> <p>In general, to invest through the QFII/RQFII scheme, an investor has to apply for a QFII/RQFII license at the China Securities Regulatory Commission (CSRC), and then file or apply for investment quota at the State Administration of Foreign Exchange (SAFE) before starting to invest.</p> </div> </div> </div> <div class="bg_gray"> <div class="container "> <div class="lev1_marginblock "> <div class="title_1 "> <h1>News </h1> </div> <div class="lev1_paddingblock_noborder "> <div class="lev2_marginblock "> <div class="lev2_paddingblock"> <ul class="list"> <li> <a href="/access/qfiirqfii/introduction/news/c/5701070.shtml">CSRC announced financial derivatives accessible to Qualified Foreign Investors</a> <em data-time="2022-04-19" class="englishTime"></em> </li> <li> <a href="/news/newsrelease/c/5251119.shtml">SSE responds to questions from the press on Guidelines No.1 on the Application of Securities Trading Rules of the Shanghai Stock Exchange for Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors</a> <em data-time="2022-04-19" class="englishTime"></em> </li> <li> <a href="/access/qfiirqfii/introduction/news/c/5701068.shtml">CSRC, PBC and SAFE Released the New QFII Rules</a> <em data-time="2020-09-25" class="englishTime"></em> </li> <li> <a href="/access/qfiirqfii/introduction/news/c/5097286.shtml">QFII/RQFII Investment Quotas Removed by PBOC & SAFE</a> <em data-time="2020-05-07" class="englishTime"></em> </li> <li> <a href="/access/qfiirqfii/introduction/news/c/4966229.shtml">Consultation on fund administration under QFII/RQFII</a> <em data-time="2019-12-13" class="englishTime"></em> </li> <li> <a href="http://www.safe.gov.cn/en/2019/0910/1552.html">Abolish Restrictions on the Investment Quota of Qualified Foreign Investors (QFII/ RQFII) and Further Expand the Opening up of Financial Markets</a> <em data-time="2019-09-10" class="englishTime"></em> </li> <li> <a href="http://www.safe.gov.cn/en/2019/0910/1553.html">Press Conference on Abolishing Restrictions on the Investment Quota of Qualified Foreign Investors (QFII/ RQFII) Wang Chunying Spokeswoman and Chief Economist State Administration of Foreign Exchange</a> <em data-time="2019-09-10" class="englishTime"></em> </li> </ul> </div> </div> </div> </div> </div> </div> </div> </main>  <footer> <div class="container"> <div class="link_block"> <img src="/xhtml/images/ft_logo.png" style="float: left;"> <a href="/home/trademark/">TRADEMARK</a> <a href="/home/feedback/">FEEDBACK</a> <a href="/home/disclaimer/">DISCLAIMER</a> <a href="/markets/dataservice/list/">OVERSEAS VENDORS</a> </div> <p>Support <img src="/xhtml/images/IPV6.png" style="margin-bottom:2px;"> ©2019 SHANGHAI STOCK EXCHANGE. 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