SFC approves first batch of RQFII products
The securities regulator gives the go-ahead to four funds from Hong Kong subsidiaries of Chinese fund managers to invest back into the onshore market, while Safe allocates over half its initial quota.
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Hong Kong’s Securities and Futures Commission (SFC) has approved the first batch of RQFII products, while Chinese regulator Safe has allocated over half its initial investment quota for the programme to 10 new licence holders.
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