Singapore Exchange says its renminbi equity trading facility will offset market risks that might arise from Hong Kong Exchange's platform.
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RMB globalisation
Internationalisation of the renminbi is one of the key themes for China's, and broader Asia's, asset management industry.
Speculation about the imminent arrival of the cross-border funds scheme between Hong Kong and the mainland appears off the mark.
The proposed scheme will fail to live up to the hype initially because the size of the opportunity needs to be put into perspective, says Shiv Taneja of Cerulli.
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Canada Pension Plan Investment Board receives the biggest of eight QFII quotas, while six RQFII players are singled out, including three new entrants.
Countdown to joining the MSCI: CSRC boss Guo Shuqing's call for a ramp-up of QFII and RQFII and giving retail investors daily liquidity may be a precursor to a landmark internationalisation of Chinese markets.
Alexa Lam, deputy CEO of the Securities and Futures Commission, outlines her vision of a "breakthrough" mutual recognition platform for public funds between HK and the mainland.
Chief executive Au King-lun wants to build institutional clientele as a precursor to deals in the Middle East or Europe.
Alexa Lam’s speech on a mutual-recognition funds platform between HK and China was high on rhetoric but short on detail. Here we raise key issues that need to be addressed.
