Singapore to get Rmb50 billion of RQFII quota
And Chinese fund houses are eyeing opening branches in the Lion City, with some citing a more favourable regulatory environment than Hong Kong's in terms of product approval.
Chinese regulators will make Rmb50 billion ($8.2 billion) in renminbi qualified foreign institutional (RQFII) quota available to financial institutions in Singapore, but have not specified a time frame.
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