The Securities Regulatory Commission revised the relevant provisions of QFII and RQFII to consolidate the foundation of the rules of the DVP reform system

On September 9th, the China Securities Regulatory Commission issued the revised "Regulations on the Regulations on the Registration and Settlement of Fortune -Self -Institutions Investors Investors and Investors, Renminbi" (hereinafter referred to as the "Regulations"). Practice.

In order to promote the reform of cargo and banking (hereinafter referred to as DVP), while implementing the "Administrative Measures for the Investment Investment Investment Investment Investment Investment Investment Investment Investment Investment Investment Investment Investment Investment Management Measures for Qualified Overseas Institutional Institutional Institutional Institutional Investors" The China Securities Regulatory Commission released the revised "Regulations".

The main amendments to the "Provisions" include: First, according to the "Administrative Measures", the basis for formulating the basis for the formulation of the RMB qualified overseas institutional investors (RQFII) into the scope of applicable. Second, according to the requirements of the DVP reform, the specific regulations of China's settlement default disposal are modified according to the requirements of the DVP reform, and it is changed to China Clearance in accordance with relevant business rules. Third, according to the actual work, adjust the filing requirements of the three -party agreement on the prevention of error transactions and responsibility sharing.

From May 20th to June 19th, 2022, the China Securities Regulatory Commission publicly solicited opinions from the "Regulations" to the society. All parties expressed their support for the "Regulations" and believed that this is the positive of consolidating the basic system of the capital market and deepening the opening of the capital market to the outside world to the outside world. The measures released signals to facilitate foreign investment in the A -share market.

The release and implementation of the "Regulations" further consolidated the system rules of the DVP reform, and raised the connection between the relevant system. In the next step, the China Securities Regulatory Commission will guide China's settlement to continue to do related work. (Wu Xiaolu)

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