FAB FIVE: Reasons For Friday’s A-share Frenzy: "Yet another bright spot is the imminent release of detailed rules and regulations on the growing phenomenon of the renminbi-backed Qualified Foreign Institutional Investor (RQFII) scheme.
The program allows primarily Hong Kong-listed QFII funds to participate in yuan-backed A-share trading from offshore, thus helping skirt the decade-old traditional QFII regime which imposes investment quotas on foreigners.
Some 200 billion yuan is estimated to be on the verge of flooding into the Shanghai and Shenzhen bourses once the program is fully opened and ready for business.
This will be a tremendous boon to liquidity and will help light a fire under A-share funds."
'via Blog this'
No comments:
Post a Comment