BNP Paribas eyes first RQFII product by year-end

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BNP Paribas Investment Partners (BNPP IP), the asset management arm of BNP Paribas, was granted an RMB Qualified Foreign Institutional Investor (RQFII) licence on September 15 by the China Securities Regulatory Commission (CSRC), making it one of the first companies in the Eurozone to obtain direct access to China's onshore assets. Now the company is hoping to launch its debut product before the end of the year, Asia Pacific CEO Vincent Camerlynck told GlobalRMB.