• Launched in 2002 by the Chinese government, the Qualified Foreign Institutional Investor (QFII) program allows certain licensed international investors to invest in China’s stock exchanges.

  • The QFII program allows foreign institutional investors to buy and sell RMB-denominated “A” shares of Chinese companies.
  • Similar to the QFII, the RMB Qualified Foreign Institutional Investor (RQFII) program imposes fewer restrictions on foreign investors and facilitates direct investment in China’s domestic capital markets.