The Securities and Futures Commission (SFC) of Hong Kong released its latest quarterly report not long ago, indicating that RMB Qualified Foreign Institutional Investor (RQFII) funds issued in Hong Kong were currently shunned by the market. Only half of the 20 billion yuan RQFII quota has been sold since it was launched, forcing some funds to extend their subscription period. RQFII funds are the most direct way for ordinary investors in Hong Kong to invest in mainland stock and bond markets. The RQFII plan was introduced in the third quarter of last year, and the SFC has so far recognized 19 RQFII funds.