Shanghai Stock Exchange, Guidelines for the Application of the Securities Trading Rules No. 1: Qualified Foreign Institutional Investors and Renminbi Qualified Foreign Institutional Investors

上海证券交易所证券交易规则适用指引第1号——合格境外机构投资者和人民币合格境外机构投资者

November 13, 2020 | BY

Susan Mok

Shanghai Stock Exchange reduces the disclosure ratio of QFIIs

Issued: October 30, 2020

Effective: November 1, 2020

Main contents: The initial disclosure ratio for foreign shareholding is revised downward from 26% to 24%, namely when the total of the A-shares of any one listed company held by all of the foreign investors reaches or exceeds 24% of the total shares of the company in question, the Shanghai Stock Exchange will announce on its official website the total number of shares held by them and the percentage of the total shares of the company accounted for by them before the start of trading on the subsequent trading day (Article 16).

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