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BEIJING, Sept. 10-- China's forex regulator Tuesday announced it would abolish the investment quota restrictions for Qualified Foreign Institutional Investors (QFII) and Renminbi Qualified Foreign Institutional Investors (RQFII) to boost financial reforms and opening-up. The two programs have been important in the opening-up of China's financial market, according to the State Administration of Foreign Exchange (SAFE). Since the implementation of QFII system in 2002 and RQFII system in 2011, more than 400 institutional investors from 31 countries and regions have invested in China's financial market in this way, according to the SAFE. In the future, foreign institutional investors with corresponding qualifications will only need to go through the registration procedure, so as to remit funds independently to make securities investment. Foreign investors will find it more convenient to participate in the domestic financial market, and China's bond market and stock market will be better accepted by the global market, according to the SAFE. This is a major reform that aims to deepen the reform and opening-up of the financial market, serve a new pattern of all-round opening-up and meet the investment needs of foreign investors in China's financial market, said Wang Chunying, chief economist of the SAFE. The investment demand of foreign investors in China's financial market has been on the rise, with China's stocks and bonds being included in main international indexes, such as the MSCI, FTSE Russell, S&P Dow Jones and Bloomberg Barclays index, and its weight is steadily increasing, Wang said. | 
