China woos foreign investors with renminbi relief

China has expanded its renminbi qualified foreign institutional investor (RQFII) quota scheme, sweetening for foreign investors the prospects of investing in China. The new regulation further enables international investors to use their renminbi holdings to buy onshore assets, reports FT.com. The changes are said to mainly benefit financial institutions registered and operated in Hong Kong, […]

By Staff | March 20, 2013 | Last updated on March 20, 2013

1 min read

China has expanded its renminbi qualified foreign institutional investor (RQFII) quota scheme, sweetening for foreign investors the prospects of investing in China.

The new regulation further enables international investors to use their renminbi holdings to buy onshore assets, reports FT.com.

The changes are said to mainly benefit financial institutions registered and operated in Hong Kong, which is also the base for most major international fund managers.