What does RQFII mean, and the difference with QFII!

First, the funds raised are different.

1, RQFII: The raised funds are RMB.

2.QFII: The funds raised are foreign exchange.

Second, the subject is different.

1, RQFII: Hong Kong subsidiaries established in Hong Kong for domestic fund management companies and securities companies.

2.QFII: For all overseas qualified institutional investors.

Third, the investment scope is different.

1, RQFII: On this basis, the investment scope is extended to the inter-bank bond market.

2.QFII: The investment scope is RMB financial instruments.

Baidu encyclopedia -RQFLP

Baidu encyclopedia -QFII system