China’s Field of Dreams Attitude to Opening Markets Won’t Work

Heard on the Street: The quotas on western investment into Chinese financial markets are no longer the main limiting factor on inflows

If we open it, they will come. Or so the logic of the Chinese government goes, when it comes to Western investment in its financial markets. That dream is unlikely to become reality.

On Monday, the State Administration of Foreign Exchange, or SAFE, abandoned the ceiling on its two Qualified Foreign Institutional Investor programs, scrapping the total quota limit of $300 billion.

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