证监会最新发布！事关合格境外投资者

Core Viewpoint - The new Qualified Foreign Institutional Investor (QFII) policy has been implemented, showcasing China's commitment to expanding institutional openness in its capital markets through measures such as expedited access, national treatment for foreign investors, and the opening of investment advisory services [2]. Group 1: Optimization of Access Management - The new measures include a streamlined process for QFII qualification approval and account opening, which aims to shorten the application time and reduce operational costs for foreign investors, encouraging long-term capital inflow into Chinese assets [3]. - A "green channel" for foreign capital has been established to facilitate the entry of qualified foreign investors [3]. Group 2: Expansion of Investment Scope - The policy allows QFIIs to invest in ETF options and more commodity futures and options, addressing the hedging needs of foreign investors and supporting diversified asset allocation strategies [3]. - Continuous and rolling opening of more commodity futures and options is planned to meet the demand for risk management from foreign investors [3]. Group 3: Clarification of Policy Expectations - The policy optimizes the short-term trading regulations for foreign investors, ensuring that foreign public funds are treated equally to domestic funds regarding short-term trading rules [4]. - This change is expected to attract more capital into the market by facilitating investment from large foreign asset management institutions [4]. Group 4: Support for Investment Advisory Services - The policy allows domestic institutions to provide investment advisory services to foreign investors, enhancing their local investment capabilities and increasing the allocation of foreign capital to Chinese assets [5]. - This move is anticipated to improve the international competitiveness of domestic professional institutions [5]. Group 5: Historical Context and Future Directions - Since its introduction in 2002, the QFII system has played a significant role in attracting long-term foreign capital and promoting the internationalization of the RMB, with over 913 qualified foreign investors currently managing more than 1 trillion RMB in domestic assets [5]. - The China Securities Regulatory Commission (CSRC) plans to accelerate the implementation of additional measures outlined in the new policy to enhance the attractiveness of the QFII system for long-term foreign capital [5].