Haitong seeks RQFII partners in Singapore
Haitong International is mulling the possibility of sub-advising on RQFII ETFs in Singapore as its seeks further licences to support its buildout in the city-state.
Haitong International is applying for an asset management licence in Singapore and will seek a renminbi qualified foreign institutional investor (RQFII) licence, with a view to sub-advising on RQFII exchange-traded funds.
Such approvals would enable the offshore arm of Chinese brokerage Haitong Securities to provide advisory services and sell renminbi products to high-net-worth individuals and institutional investors.
“We are now in talks with some Singaporean fund managers for …
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