The South China Morning Post is reporting that the combined quota under the qualified foreign institutional investors (QFII) scheme, through which overseas funds can buy China’s A-shares, will be doubled to US$300 billion effective immediately. The quota scheme is an alternative to the Stock Connect, which we have previously discussed.
George Michael Gerstein advises financial institutions on the fiduciary and prohibited transaction provisions of ERISA. As co-chair of the fiduciary governance group, he assists clients with tracking, and understanding, the numerous fiduciary developments at the federal and state levels, including the rules and regulations of governmental plans. He also advises clients with respect to the fiduciary duty implications of ESG investing.