Singapore fund houses in no rush on RQFII

Asset managers in Singapore are in no hurry to obtain renminbi qualified foreign institutional investor (RQFII) quota, judging by comments from the CEO of local fund house Lion Global Investors. For one thing, local firms are not speculating on the likely amount of RQFII quota, says Gerard Lee. “This is more important for MAS [the Monetary Authority of Singapore] than players on the ground.” RQFII quota was received in both London and Singapore with little fanfare as far as asse…