China needs to create both inward and outward renminbi flows – opinion
QFII licence holders’ increased access to China’s interbank bond market is great news for foreign investors, it but could detract from the offshore renminbi market if China doesn’t find a way to replace the invested capital.
Worldwide holders of Qualified Foreign Institutional Investor (QFII) licences had a real reason to celebrate last week.
The China Securities Regulatory Commission (CSRC) announced that new regulation will give these institutional investors real access to the onshore interbank bond market
for the first time – a.k.a. QFII participants
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