RQFII (RMB Qualified Foreign Institutional Investor) refers to RMB Qualified Foreign Institutional Investor. Where r stands for RMB; QFII (Qualified Foreign Institutional Investors) is short for qualified foreign institutional investors, and QFII mechanism refers to the recognition system for overseas professional investment institutions to invest in China.

RQFII overseas institutional investors can invest the foreign exchange settlement within the approved quota in the domestic securities market. RQFII's liberalization of stock market investment will accelerate the internationalization of RMB.

201September 16, the state administration of foreign exchange announced that it had decided to cancel the QFII/RQFII quota limit with the approval of the State Council. At the same time, the restrictions of RQFII pilot countries and regions have also been cancelled.

Reply time: 202 1-08- 10. Please refer to the latest business changes announced by Ping An Bank in official website.

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