Paris receives $13 billion in RQFII quota
The French capital joins London as a hub through which investors will be able to invest in Chinese assets under the renminbi qualified institutional investor scheme.
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In a mooted move, France's capital city has reportedly received Rmb80 billion in quota under China's reminbi qualified institutional investor (RQFII) scheme, during president Xi Jinping’s European tour.
This will make Paris the second European city through which investors can access China's capital markets using offshore RMB. The RQFII scheme was expanded to London and Singapore last year, which received Rmb80 billion ($13 billion) and Rmb50 billion in quota, respectively, in Octo…
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