On 10 September 2019, China's State Administration of Foreign Exchange (SAFE) announced the repeal of the quota restrictions on investments by Qualified Foreign Institutional Investors (QFIIs) and Renminbi Qualified Foreign Institutional Investors (RQFIIs). The QFII and RQFII regimes were implemented in 2002 and 2011, respectively, to allow foreign investors access to Chinese capital markets subject to strict controls, including the amount that may be invested (the quota). With the repeal of…