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Switzerland to become RMB hub with Rmb50bn RQFII quota
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.
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19 Jan 2015
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Latest news from GlobalCapital China
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Luso Bank prints Macau’s inaugural Panda bond
26 Jul 2021 -
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26 Jul 2021 -
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Further Reading
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Bonds
Luso Bank prints Macau’s inaugural Panda bond
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Regulation & Policy
The week in review: Chinese securities firms assigned annual ratings, PBoC tightens grip on listing of payment firms, Beijing cracks down on after-school tutoring sector
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GlobalCapital China
China Telecom wins approval for year's largest IPO
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Emerging Markets
Evergrande sell-off eases but concerns remain
