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AllianceBernstein to return RQFII bond quota

Toby Yiu
AllianceBernstein plans to hand back the RQFII quota it uses to buy Chinese fixed income assets, underlining the growing obsolescence of the cross-border scheme.
AllianceBernstein to return RQFII bond quota

US fund house AllianceBernstein plans to hand back the QFII and RQFII quota it uses for buying bonds, an explicit indication that the two cross-border investment schemes are becoming obsolete, particularly for fixed income managers.

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