Plan to quadruple RQFII quota whets appetites
Fund houses expect to launch new and different types of product after CSRC chief vows to raise quotas by Rmb200 billion in response to demand plea from Hong Kong authorities.
Fund managers say greater flexibility in product design is imminent after the chief of China’s securities regulator pledged to quadruple RQFII quotas.
Guo Shuqing, chairman of the China Securities Regulatory Commission (CSRC), said this weekend that it would raise overall RQFII quota by Rmb200 billion ($32 billion) in response to a request from authorities in Hong Kong, since the existing Rmb70 billion quota was insufficient to meet demand.
No time-frame was given, although Guo …
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