Renminbi qualified foreign institutional investors (RQFII) pilot scheme expanded
The pilot scheme for RQFII was first introduced in China in December 2011, with the aim of enabling China’s financial industry to channel overseas RMB funds into the domestic market through various RMB denominated products launched in Hong Kong (such as bond-type funds and ETFs) in furtherance of the promotion of RMB internationalisation. In March […]