Copying and distributing are prohibited without permission of the publisher.

Watermark

Switzerland to become RMB hub with Rmb50bn RQFII quota

Swiss flags 230px
By Carrie Hong
19 Jan 2015

China is set to establish an offshore renminbi hub in Switzerland during a visit by prime minister Li Keqiang on January 20-21, according to domestic Chinese media reports. A Memorandum of Understanding (MoU) of official RMB clearing arrangements is expected, along with a Rmb50bn ($8.05bn) quota for the Renminbi Qualified Foreign Institutional Investors (RQFII) scheme.

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free Trial
By Carrie Hong
19 Jan 2015