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Report: China to scrap asset allocation limits under QFII, RQFII programs

China will allow investors under its Qualified ForeignInstitutional Investor and Renminbi Qualified Foreign Institutional Investorprograms to set their own asset allocation limits, Reuters reported Sept. 30,citing Shanghai Securities News.

The China Securities Regulatory Commission will scrap limitson asset allocations under the QFII and RQFII programs, according to theChinese publication.

The securities regulator previously issued window guidanceinsisting that QFII investors put at least 50% of their assets in stocks and20% in cash.