Underused Connect hampers HK's bid for RQFII quota

Hong Kong is likely to be granted additional RQFII quota only when Chinese regulators see evidence of greater use of Stock Connect, an AsianInvestor forum heard last week. Since the city used up all its quota in the scheme in September last year, there have been repeated calls for China to allocate more to meet demand. But a senior market watcher said that regulators want managers to look beyond Hong Kong for their business and have noted that the Stock Connect trading link is s…