Issue of RQFII guidelines expected by year end

The long-awaited RMB qualified foreign institutional investor (RQFII) guidelines are expected to be issued towards the end of this month, following their inclusion this week in the Mainland and Hong Kong Closer Economic Partnership Arrangement. The relevant part of Cepa, supplement VIII, was signed on Tuesday and will come into force on April 1 next year. KC Chan, Hong Kong secretary for financial services and the treasury, says preparation work for the guidelines has been complet…