The New Regulation stipulates the formulas of basic quota as follows:
For applicants whose assets owned or managed by it or its corporate group are primarily outside China, the formula is: USD 100 million + the average asset scale in the last three years * 0.2% - the obtained quota of the RMB Qualified Foreign Institutional Investors (“RQFII”) (after being converted into USD); however, the investment quota for foreign sovereign wealth funds, central banks, monetary authorities and other similar institutions will not be restricted by the above asset scale ratio.
For applicants whose assets owned or managed by it or its corporate group are primarily within China, the formula is: RMB 5 billion + the asset scale of the preceding year * 80% - the obtained quota of RQFII (after being converted into USD).