BNPP IP seeks landmark Paris RQFII licence
The fund house has filed an application in Paris, which was admitted to the renminbi qualified foreign institutional investor scheme last month. On Friday the scheme was also extended to Korea.
BNP Paribas Investment Partners (BNPP IP) has applied for a licence under the renminbi qualified foreign institutional investor (RQFII) scheme, which allows direct access to Chinese securities.
This move follows on the heels of the RQFII scheme being extended to Paris last month, with China’s securities regulator saying on June 20 it was accepting licence applications. London was the first European city to receive quota; it did so in October, since when two firms have obtained lic…
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