On 11 November 2020, ASIFMA gave detailed review of key aspects of the new regulation.

• By lowering and simplifying QFII qualification requirements, smaller investors are able to participate, which opens the QFII scheme to more investors, like hedge funds.
• With simplification of the application process, investors no longer have to separately apply for QFII and RQFII, can apply online, and QFIIs need not apply for a quota.
• By substantially increasing the QFII investment scope, the new regulation enables global investors/managers to carry out new investment strategies in the China market.
• Including financial and commodity futures, bond repo, NEEQ, ABS, IPO participation.
• By including both private funds and public funds in the QFII investment scope, the regulation enables global investors to tap into local management capabilities.
• Global asset managers now have the ability to invest into China’s futures market, the ability to short when trading Chinese equities, and invest into China’s PFM funds.