AsianInvestor's regulatory round-up, Jan 14
Japan: Government reportedly seeking RQFII status
The Japanese government will seek to lobby Beijing for renminbi qualified foreign institutional investor (RQFII) status at pending talks to enable its domestic institutions to invest into Chinese stocks and bonds, according to Japanese media.
A delegation from Japan is expected to raise the issue as part of planned negotiations on a tri-lateral free-trade deal with China and South Korea at a meeting in Tokyo on January 16-17. Japan is also expected to call for the creation for an RMB clearing and settlement bank, reports the Nikkei Asian Review.
The magazine also states that Japan's central bank, domestic banks and brokers will lobby Beijing to allow the creation of a dim-sum bond market in Tokyo, saying it could benefit financial institutions and auto-leasing companies with operations in China to finance their expansion in the country.