China’s central governing body State Council has approved the State Administration of Foreign Exchange (SAFE) to abolish investment limit of both Qualified Foreign Institutional Investor (QFII) an and Renminbi QFII.

Asset securitization market in China continued to enjoy growth last year. When China started their crackdown on shadow banking, many companies struggled to raise capital through conventional finance. This led to many companies adopting ABS as preferred source of finance

At the China International Import Expo (CIIE) this year, President Xi Jinping reasserted his pledge to continue opening up China’s financial markets to foreign investors and firms. In response, the country’s authorities have undertaken several measures towards this end.