Renminbi Qualified Foreign Institutional Investor (RQFII) Licence Open for Application

8 March 2016| Kuala Lumpur

Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM) have jointly issued a Guidance Note to facilitate applications to the China Securities Regulatory Commission (CSRC) for an RQFII licence.

The Guidance Note outlines the criteria and eligible entities that may apply for the RQFII licence as well as additional requirements by SC and/or BNM prior to any application submission to CSRC.

On 23 November 2015, the People’s Bank of China recognised Malaysia as an RQFII jurisdiction, with an aggregate quota of RMB50 billion. With this, Malaysia-based institutions are now able to invest directly into the Chinese capital market using Renminbi funds.

The RQFII programme creates opportunity for qualified Malaysian institutions to offer a wider range of Renminbi investment products and will serve as an avenue for greater utilisation of offshore Renminbi funds. For further information relating to the RQFII licence application, please refer to the Guidance Note jointly issued by SC and BNM. Please click here to view.

SECURITIES COMMISSION MALAYSIA

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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.

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