China intends to raise the quota on its Renminbi Qualified Foreign Institutional Investor...

|By:, SA News Editor

China intends to raise the quota on its Renminbi Qualified Foreign Institutional Investor (RQFII) scheme - which allows overseas investors to use offshore yuan to buy mainland securities - by 200B yuan ($32B) from 70B yuan. China will also increase the cap on a dollar-denominated program if the 80B yuan limit is reached. The RQFII move come as foreign-direct investment in China falls