In April 2019, the State Administration of Foreign Exchange (SAFE) approved investment quota totaling USD 4.2 billion for nine qualified foreign institutional investors (QFIIs), and approved a total of RMB 9.7 billion in investment quotas for five RMB qualified foreign institutional investors (RQFIIs). So far, a total of 13 QFIIs have been approved this year with a total investment quota of USD 4.74 billion, exceeding the total quota approved for the whole year of 2018. A total of 12 RQFIIs have been approved with a total investment quota of USD 24 billion, surpassing half of the total approved quota for the whole year of 2018.

China’s determination to open wider to the outside world and a series of reform measures which are promoted currently make China’s financial market more and more attractive to foreign investors. China’s stock market and bond market have been included into a number of important global indexes, generating strong demand among foreign investors to make allocation in China’s financial market. In the first quarter of 2019, net purchases of China’s stocks and bonds by foreign institutions were USD 19.4 billion and USD 9.5 billion respectively, registering a substantial increase from the same period last year and the fourth quarter of last year.

The SAFE will continue to vigorously support the wider opening of the financial market to satisfy the constantly rising investment demand of foreign investors in China’s financial market, and attract global long-term capital to enter China’s financial market.