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HSBC Securities Services (HSS) announced today it has helped the Irish unit of an international asset management company become the first institutional investor in Ireland to receive regulatory approval as a Renminbi Qualified Foreign Institutional Investor (RQFII), giving it the ability to invest directly in mainland China’s bond and equity markets.
The asset management company has received a licence to trade from the China Securities Regulatory Commission through the RQFII programme in Ireland. HSS, acting as the company’s RQFII custodian in China, helped it navigate the licencing process. China’s RQFII programme was established in 2011 to facilitate foreign investment in the mainland via offshore renminbi funding. There are 19 markets included in this program, with...
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