Vanguard secures first RQFII licence in Australia
The CSRC has awarded Australia's first RQFII licence to a Vanguard subsidiary. And with the renminbi scheme expanding rapidly, last week Deutsche revealed it had received Germany's first licence.
Vanguard has become the first fund house in Australia to receive an RQFII licence, and is now waiting for a renminbi quota.
With the expansion of the system allowing foreigner investors access to Chinese stocks and bonds picking up pace, last week Deutsche Asset & Wealth Management (Deutsche AWM) revealed it was the first fund house in Germany to receive a renminbi qualified foreign institutional investor licence.
US index fund giant Vanguard has received its first RQFII lic…
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