China on Tuesday saw its first margin financing and securities borrowing deals by qualified overseas investors, marking a significant step forward in the country’s financial opening-up.
Using the recently revamped Qualified Foreign Institutional Investor (QFII) program and its yuan-denominated sibling, the Renminbi Qualified Foreign Institutional Investor (RQFII) program, investors who sealed margin financing and securities borrowing deals on Tuesday included the Swiss banking giant UBS AG.