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Principal GI gears up for RQFII business

Steve Price
The US fund house has applied for a renminbi qualified foreign institutional investor licence and is talking up its parent's China joint venture, despite difficulties encountered by other mainland JVs.
Principal GI gears up for RQFII business

US-based Principal Global Investors has applied for a renminbi qualified foreign institutional investor (RQFII) licence in Hong Kong and expects to receive it by the end of the year.

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