(Yicai Global) May 8 -- China's upcoming removal of quotas involving its two inbound investment programs "will be widely welcomed," according to the head of China global markets at investment bank UBS.

UBS is looking forward to seeing further easing especially regarding the types of investment products, Thomas Fang wrote in an email to Yicai Global.

"The relaxation in policy has been long anticipated by international investors," said Fang at the Zurich-headquartered financial institution. It will provide more flexibility in terms of scale and hedging tools to mitigate currency risks, he added.

UBS was the first entity to qualify as a Qualified Foreign Institutional Investor in China and is the No. 1 broker for northbound trading in the QFII and Stock Connect programs, according to Fang.

Editor: Emmi Laine