Fullerton chief seeks clarity on China access
It is not clear how fund firms should proceed with their QFII or RQFII quota, says Manraj Sekhon, CEO and CIO of Singapore’s Fullerton Fund Management.
Following last month’s revamp of the quota system for China’s cross-border investment schemes, some foreign asset managers are unsure of what to do with their QFII and RQFII quota.
Licensed investors under the qualified foreign institutional investor (QFII) scheme, and its renminbi equivalent (RQFII) are now assigned quota based on a percentage of their assets under management (AUM), rather than having to obtain it on a per-application basis.
In any case, the QFII and RQFII sche…
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