推动实施合格境外投资者资格审批与开户“高效办成一件事”

Core Points - The article discusses the implementation of reforms to optimize the Qualified Foreign Institutional Investor (QFII) system in China, as part of the directives from the 20th National Congress of the Communist Party of China [1] - The China Securities Regulatory Commission (CSRC), the People's Bank of China (PBOC), and the State Administration of Foreign Exchange (SAFE) are collaborating to streamline the approval and account opening process for QFIIs [1] Group 1 - The "Service Guide" released by the CSRC aims to achieve efficiency by reducing steps, materials, time limits, and the need for physical presence in the approval process for QFIIs [1] - The new measures are expected to shorten the process and time for foreign capital to enter the market, lower operational costs for foreign investors, and enhance the convenience of the QFII system [1] - The CSRC has also revised the approval guidelines, committing to a processing time of 5 working days for QFII applications, and has introduced a "green channel" for sovereign funds and other qualified foreign investors [1] Group 2 - The CSRC will continue to implement the central government's decisions to promote standardized, regulated, and convenient government services while ensuring proper entry standards for foreign investors [2] - The focus will be on optimizing the entry procedures for QFIIs and improving service quality to facilitate a higher level of openness in onshore channels [2]