Chinese firms seen mulling RQFII Ucits bond funds
Chinese fund managers are eyeing yield-hungry Europeans following Luxembourg's move to allow RQFII Ucits bond products, notes David Li of CACEIS, which is awaiting a trustee licence in Hong Kong.
Interest among Chinese asset managers in launching Ucits RQFII funds in Europe is increasing, said David Li, Hong Kong chief executive at French fund administrator CACEIS.
Such firms realise they must accelerate their product innovation because internationalisation of the renminbi means competition will increase as offshore centres develop, he added.
In April, Luxembourg’s regulator, the Commission de Surveillance du Secteur Financier (CSSF), permitted the launch of Ucits funds …
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