AllianceBernstein to return RQFII bond quota
AllianceBernstein plans to hand back the RQFII quota it uses to buy Chinese fixed income assets, underlining the growing obsolescence of the cross-border scheme.
US fund house AllianceBernstein plans to hand back the QFII and RQFII quota it uses for buying bonds, an explicit indication that the two cross-border investment schemes are becoming obsolete, particularly for fixed income managers.
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