Canadian manager wins first RQFII licence in N America
The asset management arm of a giant Canadian wealth firm has won the first RQFII licence in North America, months after it established a Hong Kong office.
CI Investments has become the first Canada-based asset manager to receive an RQFII licence from China’s securities regulator.
The Canadian fund house is now waiting for a renminbi quota to invest in mainland Chinese assets.
The renminbi qualified foreign institutional investor licence was unveiled yesterday by HSBC, CI Investment’s custodian bank in China, but the China Securities Regulatory Commission (CSRC) has not yet announced it on its website. AsianInvestor understands the…
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