Market sources say HuaAn, China Universal, Da Cheng International and Bosera all plan to launch RQFII ETFs with their new quotas.
Tag : csop
The initial batch of four products listed in Hong Kong, which attracted $6.4 billion in inflows last year, suffered a combined exodus in February, raising questions for future launches.
Four subsidiaries of mainland managers have just added QFII quota to their existing RQFII allowances as they look to broaden their product offerings and compete with foreign firms.
China Southern’s HK arm is understood to be lining up clients in Europe and Asia for two equity-focused QFII funds after becoming one of six firms to be awarded a new QFII licence.
The two Chinese fund houses plan to launch physical RQFII ETFs in Tokyo as depositary receipts, making them the first such products to list outside Hong Kong.
