China tipped to allow daily cross-border capital transfers

State council to make the change from a weekly basis


China's state council is on the verge of allowing foreign investors to repatriate funds on a daily basis in a significant step towards opening up the country's capital account, according to reports.

Foreign firms invest in Chinese stocks and bonds primarily through a quota system known as the Qualified Foreign Institutional Investor (QFII) scheme. Under the current set-up, however, investors are only allowed to move money in and out of China once a week, making many reluctant to use their quota

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: