RQFII managers get record quota, plan products
RQFII fund managers can now offer a more diverse range of products, including segregated accounts, as Chinese authorities ramp up quota handouts.
With renminbi-qualified institutional investor (RQFII) quota issuance hitting a monthly record last month and China’s securities regulator relaxing rules on investments earlier this year, the RQFII bandwagon is gaining momentum.
China's State Administration of Foreign Exchange handed out Rmb15.6 billion ($2.5 billion) to 14 RQFIIs in May, the most awarded in a single month since the programme’s launch in December 2011. This follows Safe starting the next phase of RQFII – involvin…
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