Swiss Re handed RQFII licence in diversification drive
Award of the licence to the first reinsurer and Switzerland-based firm represents China's bid to diversify its international investor base, say analysts. It is seen as a sign of more asset owners joining the scheme.
Reinsurance firm Swiss Re has become the first Switzerland-based institution to receive an RQFII licence from China’s securities regulator.
The award of the first licence to a reinsurer is seen as part of China’s efforts to diversify its investor base through expansion of the RQFII scheme to more asset owners.
Swiss Re intends to use its licence, once it has won a quota, to invest in China’s fixed income market.
The Zurich-based reinsurer announced its new licence late on Mond…
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