Investment quota rules relaxed
China relaxed quotas for qualified foreign institutions to invest in its stock market on Monday, in the country’s latest efforts to open up its financial sector. Foreign investors in the country’s Renminbi Qualified Foreign Institutional Investor program will be granted quota limits based on their aggregate assets, said a document issued by the People’s Bank of China and the State Administration of Foreign Exchange. Previously, the RQFII quota was subject to approval from financial regulators. Institutions will still have to apply for extra investment quotas, said the document.