Page:Circular of the People's Bank of China and the State Administration of Foreign Exchange on the Management of Domestic Securities Investment by RMB Qualified Foreign Institutional Investors.pdf/1



In order to regulate the management of domestic securities investment by RMB qualified foreign institutional investors (RMB qualified investors), relevant issues are notified as follows, in accordance with the Measures for the Pilot Program on Domestic Securities Investment by RMB Qualified Foreign Institutional Investors (Decree No. 90 of the China Securities Regulatory Commission, the People's Bank of China, and the State Administration of Foreign Exchange), and relevant provisions:

I. The People's Bank of China (PBOC), State Administration of Foreign Exchange (SAFE) and their branches and sub-branches shall supervise, manage and inspect RMB qualified investors' investment quota (investment quota), capital account, capital receipts and payments in accordance with the law.

II. An RMB qualified investor approved by the China Securities Regulatory Commission (CSRC) to invest in domestic securities markets shall entrust its domestic custodian (custodian) with handling the procedures set forth in the Circular.

An RMB qualified investor can mandate no more than three custodians. In the event of many custodians, the RMB qualified investor shall designate one custodian as the main custodian (Only one custodian, if available, is the main custodian by default) to be responsible for going through investment quota record filing, approval application