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The Missing Piece of the Puzzle: New QFII Rules Open A Share Market
November 30, 2002 | BY
clpstaff &clp articlesThe new QFII regulations mark another step in opening the securities markets further to foreign participation. Many new laws have made it apparent that the CSRC is committed to the path of financial reform and development.
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By Andrew McGinty & Andrew Godwin, Linklaters, Shanghai
The joint promulgation on November 5 2002 by the China Securities Regulatory Commission (CSRC) and the People's Bank of China (PBOC) of the Administration of Securities Investments in China by Qualified Foreign Institutional Investors Tentative Procedures (the QFII Tentative Procedures) effective December 1 2002 marks a significant event in the development of China's securities markets for a number of reasons.