Taiwan making moves to boost RMB investment
Taiwan is seeking to build its status as a renminbi investment hub, such as by launching dual-currency trading counters and considering relaxing rules such as the RMB conversion cap.
A number of developments are taking place in Taiwan aimed at boosting its standing as a renminbi-denominated and offshore investment hub, says the local Securities Investment Trust and Consulting Association (Sitca).
For one, the Taiwan Stock Exchange is setting up a system to allow trading of renminbi-denominated securities. Exchange-traded funds are likely to be the first type of product to have an RMB trading tranche, says Henry Lin, chairman of Sitca and president of Fubon Ass…
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