证监会优化合格境外投资者制度

Core Points - The China Securities Regulatory Commission (CSRC) has issued the "Optimizing the Qualified Foreign Institutional Investor (QFII) System Work Plan" to enhance the attractiveness and adaptability of the QFII system for foreign investors [1][2] - The plan aims to create a more transparent, convenient, and efficient investment environment for various foreign investors, including fund management companies, banks, insurance companies, and sovereign funds [1][2] Summary by Sections Optimization of Access Management - The work plan includes measures to streamline the qualification approval and account opening processes for QFIIs, effectively shortening the application processing time and reducing operational costs for foreign investors [2] Investment Operations Facilitation - The plan emphasizes the need to balance onshore and offshore channels, as well as the development of both allocation-type and trading-type funds, to create a new open pattern in the capital market [2] Expansion of Investment Scope - The QFII system has been a key channel for foreign investors to allocate assets in China, with a total of 913 QFIIs currently operating in the market, managing over 1 trillion RMB in domestic assets [1] Policy Expectations and Support - The CSRC aims to implement the proposed measures within approximately two years, enhancing the system's appeal to long-term foreign capital and ensuring a positive interaction between domestic and foreign financial institutions [2][3] Service and Support Enhancement - The work plan reflects a commitment to deepening the research on the QFII system and continuously improving the reform measures to attract foreign investment [3]