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New RQFII ETFs planned as Safe restarts scheme

Market sources say HuaAn, China Universal, Da Cheng International and Bosera all plan to launch RQFII ETFs with their new quotas.
New RQFII ETFs planned as Safe restarts scheme
After a four-month hiatus, China has kicked off its new Rmb200 billion RQFII programme, which has already led to a number of fund houses aiming to launch renminbi qualified foreign institutional investor (RQFII) ETFs. HuaAn Funds tells AsianInvestor that the State Administration of Foreign Exchange (Safe) granted it an additional Rmb2 billion RQFII quota earlier this week. Market sources say China Universal Asset Management has also received additional quota, but the firm declined…
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