Two houses first to be picked for extra RQFII bond quota
China AMC and E Fund each receive an additional Rmb800 million for their RQFII fixed income products. Regulators are discussing how to further diversify the product range.
The Hong Kong arms of China Asset Management and E Fund Management have become the first to be granted additional quota for their RQFII fixed income products.
The two houses were each granted an extra Rmb800 million by the State Administration of Foreign Exchange (Safe) last Friday, taking their funds to Rmb2 billion and Rmb1.9 billion, respectively.
They are now in the process of updating investment notes and prospectuses for China AMC Select RMB Bond Fund and E Fund RMB Fixed …
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