Guo Shuqing, the head oftheChinaSecuritiesRegulatoryCommission, said that the regulator had already reached an agreement with the Chinese central bank and the State Administration of Foreign Exchange to raise the QFII limit.
Guo Shuqing, a former top banker who took over as head oftheChinaSecuritiesRegulatoryCommission in October, has publicly discussed ways to bolster the markets and help make them more friendly for investors as well as for smaller companies seeking new sources of capital.
Now, VIEs have come under the scrutiny of Chinese regulators, theChinaSecuritiesRegulatoryCommission (CSRC), which has asked the State Council to take action against VIEs.
Mr Shang's former job running theChinaSecuritiesRegulatoryCommission goes to Guo Shuqing, who until recently was chairman ofChina Construction Bank, a giant state-controlled bank.