All eyes on RQFII as JP Morgan gets Rmb1bn and Singapore throws doors wide open
JP Morgan Asset Management has been granted the biggest Renminbi Qualified Institutional Investor (RQFII) quota yet awarded to a foreign financial institution by China’s State Administration of Foreign Exchange (Safe). The news came just days after the Monetary Authority of Singapore (MAS) excited the market by kicking off an RQFII application process that allows participation by a broader set of institutions than Hong Kong.
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