The regulator improves the process of QFII applications and quotas, easing limits on asset allocation and structured products.
The French bank has a new Asia business development team whose main focus will be asset management, and has boosted its stake in its Chinese fund-management joint venture.
Bosera Asset Management’s Keith Li is overseeing the Shenzhen-based fund house’s application for licences in Hong Kong.
The firm plans to fill its new $200 million QFII quota with a $140 million China A-share fund and a $60 million renminbi bond fund by the end of August.
The US asset manager has plans to hire at least 50 people across Asia next year, with the biggest headcount growth likely in China.
Lu, a strategist at State Street in Boston for eight years, is returning to his homeland to oversee the firm’s representative office in Beijing.
James P Donovan, head of securities industry division at SWIFT discusses the firm's China operations and the impact of QDII.