QFII Quota

China’s dollar-denominated Qualified Foreign Institutional Investor (QFII) program rose to $101 billion as of the end of December 2018, according to the State Administration of Foreign Exchange.

The quota in the RMB Qualified Foreign Institutional Investor (RQFII) program came in at 646.67 billion yuan ($94 billion).

China’s currency, the yuan, is convertible for trade purposes under