CSRC boss says scope to lift RFQII quotas

China can sharply increase investment quotas for Renminbi Qualified Foreign Institutional Investment (RQFII) and QFII, China Securities Regulatory Commission (CSRC) chairman Guo Shuqing said on Monday.

Speaking at the Asia Financial Forum in Hong Kong, Guo said China could lift the investment quotas by a factor of 10.

Guo also said China would continue the internationalisation of the yuan and encourage Chinese investors to invest overseas, but he warned that qualifying financial institutions and intermediaries needed to lift their service standards.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1127739/csrc-boss-says-scope-lift-rfqii-quotas