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RMB fall forces QDII managers to take action

Toby Yiu
The weakening renminbi has boosted demand for foreign assets, leading Chinese fund firms – already short of QDII quota – to suspend subscriptions or switch to using Stock Connect.
RMB fall forces QDII managers to take action

A recent rise in Chinese investor demand for foreign exposure, sparked by recent renminbi depreciation, has led mainland fund houses to suspend subscriptions to QDII products or switch to using Stock Connect to gain Hong Kong equity exposure.

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