We don’t want to slow RQFII rise, says HK group chief

The chairwoman of newly formed Hong Kong group the Chinese Asset Management Association has denied it is lobbying mainland authorities to slow international expansion of the renminbi qualified foreign institutional investor (RQFII) scheme. Hong Kong newspaper Ming Pao reported that the association wrote to the China Securities Regulatory Commission (CSRC), People’s Bank of China and the State Administration of Foreign Exchange last week to express its reservations. It comes in r…