ICBC launches UCITS compliant RQFII fund in Luxembourg
Industrial and Commercial Bank of China (ICBC) Europe has launched a Renminbi Qualified Foreign Institutional Investor (RQFII) fixed income fund that is compliant with the European Union directives on Undertakings for Collective Investment in Transferable Securities (UCITS). The fund is the first RQFII fund to be issued by an EU registered Chinese bank.
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