证监会宣布，这两家被核准！

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has approved Banco Well Link, S.A. and Citadel Advisors Singapore Pte. Limited as Qualified Foreign Institutional Investors (QFII) as of December 2025, enhancing foreign investment opportunities in China's capital markets [2][3]. Group 1: Company Profiles - Citadel Advisors Singapore Pte. Limited is a subsidiary of the top U.S. hedge fund group Citadel LLC, established in 2020, focusing on multi-strategy hedge fund management and alternative investments in the Asia-Pacific market [3]. - Banco Well Link, S.A., established in 1996, is a fully licensed commercial bank in Macau, with total assets amounting to 33.2 billion Macanese Patacas as of June 2025 [3]. Group 2: Regulatory Framework - The QFII system allows approved foreign institutional investors to use overseas funds for domestic securities and futures investments, without engaging in operational activities within China [3]. - The QFII system is one of the earliest open systems in China's capital market, maintaining stable operations and serving as a comprehensive asset allocation channel for foreign investors [3]. Group 3: Future Developments - In October 2025, the CSRC issued a work plan aimed at optimizing the QFII system over the next two years, enhancing its attractiveness to long-term foreign capital [4][5]. - The CSRC plans to implement various open optimization measures to create a balanced development between onshore and offshore channels, as well as between allocation-type and trading-type funds [5].