Reports of RQFII’s demise seem greatly exaggerated
Investors look set to use the Chinese cross-border scheme for some years yet. It still offers certain advantages over Stock Connect, including lower trading costs, say fund executives.
This week Beijing finally handed new quota to Hong Kong under the renminbi qualified institutional investor (RQFII) scheme, after hitting the original Rmb270 billion cap back in October 2014.
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