By Michael Lai, CFA, Portfolio Manager, China Equities, Franklin Templeton Emerging Markets Equity
China has long limited foreign investor access to its capital markets. However, the country recently announced it will lift restrictions, a move that further opens its markets to the global investment community. Franklin Templeton Emerging Markets Equity Portfolio Manager Michael Lai, who is based in Hong Kong, explains what this means.
China recently announced the removal of the investment quotas under its Qualified Foreign Institutional Investor ((QFII)) and RMB Qualified Foreign Institutional Investor ((RQFII)) programs, leading many to speculate about the impact