Saudi Arabia’s Public Investment Fund Submits for QFII Status in China
Posted on 11/04/2021
Saudi Arabia’s Public Investment Fund (PIF) submitted for QFII status in China. Qualified Foreign Institutional Investor (QFII) is a program launched by the Chinese government in 2002 that enables foreign institutional investors to gain direct access to trade “A-shares” of Chinese stocks, denominated in China’s RMB, on Chinese stock exchanges.