Measures for the Pilot Program of Domestic Securities Investment by RMB Qualified Foreign Institutional Investors
Measures for the Pilot Program of Domestic Securities Investment by RMB Qualified Foreign Institutional Investors
Measures for the Pilot Program of Domestic Securities Investment by RMB Qualified Foreign Institutional Investors
Order of the China Securities Regulatory Commission No. 90
March 1, 2013
The Measures for the Pilot Program of Domestic Securities Investment by RMB Qualified Foreign Institutional Investors, adopted at the 28th executive meeting of the China Securities Regulatory Commission on February 17, 2013, the 2nd executive meeting of the People's Bank of China on February 26, 2013 and the 2nd executive meeting of the State Administration of Foreign Exchange on February 21, 2013, are hereby promulgated and will come into effect on the date of promulgation.
Chairman of the China Securities Regulatory Commission: Guo Shuqing
Governor of the People's Bank of China: Zhou Xiaochuan
Director of the State Administration of Foreign Exchange: Yi Gang
Measures for the Pilot Program of Domestic Securities Investment by RMB Qualified Foreign Institutional Investors
Article 1 For the purpose of regulating domestic securities investment by RMB qualified foreign institutional investors, promoting the development of securities market and protecting the legitimate rights and interests of investors, these Measures are formulated in accordance with relevant laws and administrative regulations.
Article 2 The RMB qualified foreign institutional investors (hereinafter referred to as RMB Qualified Investors) herein refer to the foreign legal entities that conduct domestic securities investment through foreign RMB funds upon approval of the China Securities Regulatory Commission (hereinafter referred to as the CSRC) and acquirement of the investment quota authorized by the State Administration of Foreign Exchange (hereinafter referred to as the SAFE).
Article 3 The CSRC, the People's Bank of China (hereinafter referred to as the PBOC) and the SAFE shall administer, respectively, supervision and administration over domestic securities investments, administration over opening of RMB bank accounts within China, and administration over investment quota, of RMB qualified investors.
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