Core Viewpoint - The China Securities Regulatory Commission (CSRC) has streamlined the approval process for Qualified Foreign Institutional Investor (QFII) qualifications, significantly reducing the time required for foreign investors to enter the Chinese market [1][4]. Group 1: Approval Process Efficiency - The CSRC approved Huafu International Asset Management Limited's QFII qualification in just three days, from application submission to approval [1]. - The new service guidelines aim for a legal approval timeframe of 10 working days, with a commitment to complete the process in 5 working days [4][5]. - The CSRC has approved a total of 55 QFII qualifications this year, with an average processing time of approximately 15 days [4]. Group 2: Service Guidelines and Implementation - The CSRC's service guidelines focus on reducing steps, materials, time limits, and the need for physical presence, thereby optimizing the QFII qualification and account opening process [4][5]. - The process consists of three main steps: applying for qualification and license, obtaining special institutional codes and completing foreign exchange registration, and finally opening bank and securities accounts [5]. - Specific timeframes for each step include: 1 working day for special institutional code, 2 working days for foreign exchange registration, 2 working days for bank account opening, and 2 trading days for securities account opening [5]. Group 3: Current QFII Landscape - As of the end of September this year, there are a total of 913 approved QFII entities, which include various types of foreign institutional investors recognized by the CSRC [7].
新规首例,仅用3天,证监会高效批复外资资格
Zheng Quan Shi Bao·2025-11-19 01:44