RQFII quota tipped for Dubai, Africa, LatAm
China is tipped to expand the RQFII programme to up to 10 more cities this year and may approve additional quotas of up to Rmb200 billion, predicted Standard Charterd's Becky Liu.
An expansion of China's renminbi qualified foreign institutional investor (RQFII) scheme this year will see the scheme expand to up to 10 new cities, said Standard Chartered.
The bank also predicted there will be additional quota worth Rmb150–200 billion ($24–32 billion) awarded to RQFII-licensed firms this year, up from Rmb142 billion in 2014.
The expected moves could see African and Latin American countries awarded RQFII status for the first time, said Becky Liu, senior rates …
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.