AsianInvestor's regulatory round-up, April 30
Luxembourg gets RQFII quota; CSRC targets illegal trading; Korea reforms markets; China tightens FTZ rules; MAS revises laundering regulations; HK looks at information sharing; and Saudi opens up.
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Luxembourg: Rmb50bn RQFII quota awarded
The People’s Bank of China yesterday announced it had granted a Rmb50 billion quota to Luxembourg under the renminbi qualified foreign institutional investor (RQFII) scheme. This was first revealed by AsianInvestor last month, when Luxembourg’s ambassador to China prematurely announced the quota award to a conference in Hong Kong.
Meanwhile the State Administration of Foreign Exchange (Safe) yesterday said it granted Rmb33.9 billion ($5.5 b…
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