 |
| David Nealis in Hong Kong |
Guotai Junan obtained approval from the Securities and Futures Commission to launch its first RMB Qualified Foreign Institutional product, becoming the first mainland Chinese brokerage to offer the business.
The RQFII program will allow offshore Yuan funds in Hong Kong or overseas to invest in the Chinese mainland securities market, with a permitted quota of 20 billion Yuan.
Qualified investors should invest no less than 80 per cent of the Yuan funds they raised in fixed income securities, while investment in stocks and equity funds should account for no more than twenty per cent
No comments:
Post a Comment