The State Administration of Foreign Exchange (SAFE) said it would increase the quotas of the two schemes -- Qualified Domestic Limited Partner (QDLP) and Qualified Domestic Investment Enterprise (QDIE) -- to $5 billion each.

China's financial hubs Shanghai and Shenzhen are now conducting trials on the two schemes.

"The SAFE is steadily pushing ahead with its QDLP and QDIE trials and has recently increased the pilot quotas for Shanghai and Shenzhen to $5 billion each," the regulator said on its website.