China relaxes QFII limits amid calls for capital controls
FX regulator lowers the ‘lock-up’ period, during which foreign investors must wait before repatriating funds, from one year to three months, as analysts warn of renminbi devaluation
China is pressing ahead with capital account reforms, relaxing controls on fund repatriation, despite growing calls for the country to roll back its recent liberalisation measures in order to stop capital outflows and avoid exchange rate volatility.
On February 4, the State Administration of Foreign Exchange (Safe) said it had shortened the ‘lock-up period', during which qualified foreign institutional investors (QFII) must wait before moving funds out of the country, from one year to three
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