US gets big RQFII quota amid rising tensions
China has awarded the Rmb250 billion investment quota – second only to Hong Kong's Rmb270 billion – as it steps up its push to attract capital and secure A-share inclusion in MSCI indices.
Despite rising tensions between China and America over trade and the South China Sea, the US will receive its first Rmb250 billion ($38 billion) in quota under the mainland’s renminbi qualified institutional investor (RQFII) scheme.
It may have come later than quotas for other major markets, but is only a little smaller than Hong Kong’s Rmb270 billion and more than double the next biggest quota – South Korea, with Rmb120 billion (see table below).
The move – which will allow U…
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