The QFII and CIBM programs differ in a number of respects, including: the types of mainland securities that can be purchased; the types of investors that are eligible to apply; and the mechanisms that are available to convert foreign currency into RMB. BIS central bankers’ speeches  3  between our two economies.
Another challenge is to adapt to the rapid expansion and reach of technological innovation and deployment of digital financial solutions. These developments need to meet the highest 2/4  BIS central bankers' speeches  standards of transparency, product suitability, security, and confidentiality to ultimately serve the public.