Core Points - The article discusses the implementation of a streamlined process for the qualification approval and account opening of Qualified Foreign Institutional Investors (QFIIs) in China, aimed at enhancing efficiency and reducing operational costs for foreign investors [2][3] - The China Securities Regulatory Commission (CSRC) has released a service guide that emphasizes reducing steps, materials, time limits, and the need for physical presence in the approval process [2] - The CSRC has committed to a five-day processing time for QFII qualification approvals and has introduced a "green channel" for sovereign wealth funds and other allocation-type investors [2] Group 1 - The article outlines the reform measures following the 20th National Congress of the Communist Party of China, focusing on optimizing the QFII system [2] - The service guide aims to shorten the foreign investment entry process and enhance the convenience of the QFII system [2] - The CSRC, along with the People's Bank of China and the State Administration of Foreign Exchange, is working to implement these reforms effectively [3] Group 2 - Future steps include further standardization and optimization of the QFII entry procedures while ensuring quality service [3] - The CSRC aims to promote high-level opening of onshore channels for foreign investment [3]