Xiao Sheng, State Administration of Foreign Exchange: Research to optimize QFII and enhance the convenience of foreign investment in the domestic capital market.

The article by Xiao Sheng, director of the Capital Projects Management Department of the State Administration of Foreign Exchange, published in the monthly magazine "China Forex", stated that this year will steadily promote a high-level institutional opening of capital projects in areas such as direct investment, cross-border financing, and securities investment, and strengthen the policy supply for facilitating cross-border investment and financing. Research will be conducted to optimize policies on cross-border funds for qualified foreign institutional investors, enhance the facilitation level of foreign investment in domestic capital markets; continue to orderly allocate investment quotas for qualified domestic institutional investors to meet their reasonable demand for foreign securities investment; promote and upgrade policies for multinational companies' onshore and offshore currency fund pools; deepen foreign exchange management reforms for cross-border investment and financing, vigorously promote reforms in foreign direct investment; strengthen the ability of capital projects management in areas such as financial "five major articles" focusing on technology finance and green finance; and focus on promoting innovative pilot projects in regional financial opening.