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.
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…
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.