RQFIIRenminbi Qualified Foreign Institutional Investor (finanical scheme)
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The country will also attract overseas institutional investors to the domestic bond market through QFII, RQFII and Shanghai-Hong Kong Stock Connect.
The State Administration of Foreign Exchange, China's foreign exchange regulator, has granted $51.4 billion (Dh188.6 billion) of investment quotas to 235 QFIIs, and 167.8 billion yuan to 57 RQFIIs until January this year.
And the overall value of approved QFII and RQFII funds is currently only 0.8 percent of total market capitalization in China--if fully used, the ratio would rise to 2.6 percent (Stephen 2012).
The possibility for Taiwan to secure the RQFII status was revealed by Xing Yujing, secretary general of the monetary policy committee of People's Bank of China (PBC), during a cross-Taiwan Strait financial academic seminar in Taipei yesterday (Nov.
The RQFII limit will be raised by 200bn yuan ([pounds sterling]20.15bn) from the current 70bn yuan ([pounds sterling]7.05bn), according to Guo Shuqing, the head of the China Securities Regulatory Commission.
Bond Connect is complementary to the Direct China Interbank Bond Market (CIBM), QFII and the RQFII routes for offshore qualified institutions investing in China's domestic bond markets.
maintained our status as one of the largest RQFII service providers in Hong Kong and reinforced our
This marks the first UCITS product to access China via Luxembourg Renminbi Qualified Foreign Institutional Investor quota, shortly after ICBC (Europe) obtained its RQFII license in November and Luxembourg RQFII quota in December.
A-shares traded in China were only available to foreign investors via two quota systems -the 2003 Qualified Foreign Institutional Investor (QFII) and 2011's Renminbi Qualified Foreign Institutional Investor (RQFII) -until last year when the Shanghai-Hong Kong Stock Connect program was launched.
Currently, the Chinese government restricts investments in A-shares, which trade in Shanghai and Shenzhen, to domestic Chinese investors and Renminbi Qualified Foreign Institutional Investors (RQFII).
At the same time, the two sides signed a memorandum of cooperation in Doha to establish renminbi clearing arrangements, and agreed to expand the renminbi qualified foreign institutional investors (RQFII) pilot areas to Qatar, with an initial investment quota of CNY 30 billion ($4.9 billion).