Around one month ago, the China Securities Regulatory Commission (CSRC), the People’s Bank of China (PBoC) and the State Administration of Foreign Exchange (SAFE) promulgated the combined R/QFII rules and expanded the investment scope of R/QFIIs to allow them to trade exchange-traded bond repos, depository receipts, NEEQ-listed securities, financial futures, commodity futures, options, etc., and to engage in margin trading and securities lending with China Securities Finance Corporation Limited (CSF).