CSRC introduces raft of QFII relaxations

China's securities regulator has moved to allow different subsidiaries under one group to apply for separate QFII licences among a raft of relaxations on the procedures for applications and quotas. The China Securities Regulatory Commission (CSRC) has also granted flexibility in QFII asset allocation, amid changes revealed at a meeting attended by QFII custodian banks last week. These appear in place already. Fullerton Fund Management, a subsidiary of Singapore sovereign wealth …