RIP RQFII? PBoC drops quotas for bond market access
The People’s Bank of China (PBoC) has flung open the doors to China’s bond market by allowing almost all types of foreign financial institutions and asset managers to directly invest in the onshore inter-bank bond market without a quota. The move is a positive one for capital markets liberalisation but leaves a question mark over the future of schemes like QFII and RQFII.
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