Date
23 October 2017

PBoC chief backs higher QDII, QFII quotas, Xinhua says

People’s Bank of China governor Zhou Xiaochuan {周小川} called for an increase in the qualifications and quotas for Qualified Domestic Institutional Investors (QDII) and Qualified Foreign Institutional Investors (QFII), Xinhua news agency reported on Tuesday, citing his remarks at a Sino-French financial forum. Administrative approval procedures for QDII and QFII will be eliminated “when conditions are ripe”, Zhou was quoted as saying. He also said reforms to further liberalize interest rates, deposit rates in particular, are being considered.

– Contact HKEJ [email protected]

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