China will give a RMB250 billion (US$38 billion) investment quota to the U.S. under the Renminbi Qualified Foreign Institutional Investor (RQFII) scheme, the largest after Hong Kong, paving the way to finally broaden the use of the Chinese currency in the world's largest economy.
Industrial and Commercial Bank of China (Europe) S.A. (ICBC Europe) says its ICBC Credit Suisse S&P China 500 Index Fund has been authorized by the Luxembourg regulator, marking the first UCITS product to access China via Luxembourg Renminbi Qualified Foreign Institutional Investor (RQFII) quota, according to an announcement.
A year after Deutsche Asset & Wealth Management and Harvest Global Investments Limited launched the first Renminbi Qualified Foreign Institutional Investor (RQFII) product outside of Hong Kong, the two say they have raised over US$1 billion under the program, according to a joint announcement. RQFII allows qualified holders of RQFII quota to raise funds outside […]
BNP Paribas Investment Partners, the asset management arm of French bank BNP Paribas, has been granted a RMB Qualified Foreign Institutional Investor (RQFII) license by the China Securities Regulatory Commission (CSRC), according to a company announcement. This makes BNP Paribas Investment Partners one of the first companies in France and the Eurozone to be granted […]
Deutsche Asset & Wealth Management and Chinese asset Manager Harvest Global Investments Ltd. have launched a Chinese A-share small-cap exchange traded fund (ETF) under China's Renminbi Qualified Foreign Institutional Investor (RQFII) program, according to a joint announcement.
The author is Nomura economist Zhiwei Zhang According to the Chinese media, Chinese central bank governor Zhou Xiaochuan highlighted the following financial reforms in an article on the Guidance Book for the Third Plenum.
The author is ANZ (The Australia and New Zealand Banking Group) Research Singapore and China agreed on new initiatives to strengthen financial cooperation and regulation. Specifically, Singapore will be granted an RQFII (RMB Qualified Institutional Investor) quota of RMB50 billion.
The author is UBS global economics research team Since the global financial crisis, China has actively promoted greater use of the RMB in international trade and investment. With RMB internationalization as an informal long term policy objective, China has moved to develop the offshore RMB market and relaxed controls on interest rates, non-bank financing and […]
HSBC Global Asset Management says it has been granted RQFII status by the China Securities Regulatory Commission (CSRC). RQFII refers to RMB Qualified Foreign Institutional Investors, a program that allows qualified foreign institutions to invest offshore RMB back into Mainland China’s capital market.
The author is Cerulli Associates, a research firm specializing in the financial services industry. Cerulli Associates projects that the Chinese mutual fund industry's assets under management will grow at a four-year compound annual growth rate of 13.3% to RMB3.9 trillion (US$614.1 billion) by 2016, partly based on the fact that Chinese investors, being entrenched in […]
In this episode of China Money Podcast, guest Hubert Tse, senior partner at Shanghai-based law firm Boss & Young, answers ten questions about the QFLP (Qualified Foreign Limited Partner) program: from what QFLP allows foreign investors do, the pros and cons of becoming a QFLP, to what the future of QFLP program holds. Listen to […]
In this episode of China Money Podcast, guest Fredrik Oqvist discusses: – Tudou.com is finally listed on NASDAQ: Shares down 9% during its first day of trading, will it go lower? – China’s national television station CCTV's mysterious attack on search engine giant Baidu.com: Is Baidu's revenue model at risk? – Both QDII and QFII […]