China's forex regulator Tuesday announced it will abolish the investment quota restriction for Qualified Foreign Institutional Investors (QFII) and Renminbi Qualified Foreign Institutional Investors (RQFII) to boost financial reforms and opening-up.
The QFII and RQFII programs, implemented in 2002 and 2011 respectively, allow overseas institutional investors to move money into China's capital account for investment.
