Zhu Hexin: It will further simplify and improve the fund management of qualified foreign institutional investors, and facilitate foreign investors to participate in domestic securities investment

Zhu Hexin, Vice Governor of the People's Bank of China and Director of the State Administration of Foreign Exchange: With greater determination and strength, we will unswervingly promote high-level financial opening up and support the Shanghai International Financial Center to move towards a higher level of energy. We will further simplify and improve the fund management of Qualified Foreign Institutional Investors (QFII/RQFII) to facilitate overseas investors to participate in domestic securities investment. We support domestic institutions to carry out cross-border investment. Recently, we have issued a total quota of 2.27 billion US dollars to 53 Qualified Domestic Institutional Investors (QDII), focusing on meeting the reasonable needs of residents for overseas investment. Expand cross-border financing of science and technology enterprises, and better serve cross-border capital to enter and exit the whole life cycle of technology enterprises. Study and improve the policy of integrated capital pools of local and foreign currencies, and support multinational companies