London to get Rmb80bn RQFII quota, but doubts remain

Oct 15, 2013

Beijing pledges offshore RQFII quota for London, but the city's shallow RMB pool coupled with its trade deficit with China could hinder its prospects of becoming a thriving offshore hub.

London to get Rmb80bn RQFII quota, but doubts remain

China regulators are to make Rmb80 billion ($13.1 billion) in renminbi qualified foreign institutional (RQFII) quota available to financial institutions in London, it emerged yesterday. No timeline was given.

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