IMF approved as RQFII by China Securities Regulatory Commission

IMF has been approved as RMB Qualified Foreign Institutional Investors (RQFII) by CHINA Securities Regulatory Commission on Tuesday.

Under RQFII scheme, foreign investors can make investments in CHINA's capital market with RMB.

As of the end of February, a total of 660.5 billion yuan (98.75 billion U.S. dollars) RQFII quotas have been granted.