Bank Negara Malaysia and Securities Commission Malaysia Welcome The People’s Bank of China’s Announcement to Grant Renminbi Qualified Foreign Institutional Investor (RQFII) Quota to Malaysia

23 November 2015 | Kuala Lumpur

Bank Negara Malaysia and Securities Commission Malaysia welcome the People’s Bank of China’s announcement today to extend the RQFII programme to Malaysia with an aggregate quota of RMB50 billion. This represents another milestone in our country’s deepening collaboration with China, and will complement the renminbi clearing bank arrangement in Malaysia. Together, these initiatives will support the growing trade, investment and financial flows between China and Malaysia as well as position Malaysia as another offshore renminbi centre in the region.

With this framework, Malaysian qualified institutions will be able to mobilise offshore renminbi funds to gain direct exposure to the Chinese financial markets and contribute to the development of the renminbi market in Malaysia. The Securities Commission Malaysia will further collaborate with the China Securities Regulatory Commission to implement the RQFII programme.

Bank Negara Malaysia

Securities Commission Malaysia

about the SC

The Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). We are a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.

General Line: +603-6204 8000
General Email: [email protected]