# China to scrap quotas on foreign investment schemes QFII, RQFII

> China's foreign exchange regulator scrapped quota limits on the QFII and RQFII foreign investment schemes to attract more foreign capital. Analysts noted that two-thirds of existing quotas were unused, so the move is largely symbolic.

- Date: 2019-09-11 · published 2019-09-11T12:00:00.000Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/57296-china-to-scrap-quotas-on-foreign-investment-schemes-qfii-rqfii
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

The change affects capital flows into Chinese financial markets rather than goods trade, so it has little direct effect on feed or grain prices.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2021-06-10 | [Situation and development of China's foreign exchange market \| Bank for International Settlements](https://feedsoft.ai/events/46817-situation-and-development-of-china-s-foreign-exchange-market-bank-for.md) | +0.2% | +1.6% |
| USDCNY | 2016-12-03 | [China should use part of its foreign reserves to stabilize yuan expectations: central bank adviser](https://feedsoft.ai/events/73694-china-should-use-part-of-its-foreign-reserves-to-stabilize-yuan-expectations.md) | +0.3% | +1.1% |
| USDCNY | 2022-09-29 | [Exclusive: China's state banks told to stock up for yuan intervention](https://feedsoft.ai/events/7209-exclusive-china-s-state-banks-told-to-stock-up-for-yuan-intervention.md) | -1.2% | +0.3% |
| USDCNY | 2020-10-28 | [Yuan eases after China tweaks fixing formula to rein in strength \| Financial Post](https://feedsoft.ai/events/50848-yuan-eases-after-china-tweaks-fixing-formula-to-rein-in-strength-financial-post.md) | -0.4% | -1.9% |
| USDCNY | 2024-11-26 | [China's yuan slides to four-month low on Trump's tariff promise \| Reuters](https://feedsoft.ai/events/27628-china-s-yuan-slides-to-four-month-low-on-trump-s-tariff-promise-reuters.md) | +0.6% | +0.8% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/09/11/china-to-scrap-quotas-on-foreign-investment-schemes-qfii-rqfii.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.