CSRC poised to unveil new rules for RQFII 3
Perhaps before Chinese New Year, the securities regulator is to announce it will allocate quotas in accordance with a product's profile. Any unused quota will have to be returned.
China’s securities regulator is to set out rules for the latest incarnation of its RQFII programme following the Rmb200 billion expansion plan it unveiled late last year.
According to a well-placed source in Beijing, the new requirements surrounding “RQFII 3” will be announced very soon, potentially before the Chinese New Year.
The source indicates that firms qualifying for RQFII licences and quota from here on will be required to submit their products for approval first and wil…
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