Chinese banks gain approval for Japanese investments
The China Banking Regulatory Commission says it has signed a deal with Japan's Financial Services Agency to allow Chinese banks to invest in Japanese securities.
The China Banking Regulatory Commission has signed a memorandum with Japan's Financial Services Agency, signalling an expansion of the country's qualified domestic institutional investor (QDII) programme. Japan joins Hong Kong, the UK and Singapore as approved investment markets for Chinese banks.Under the existing templates with UK and Hong Kong authorities, banks will be allowed to launch funds with allocations to listed equities, fixed income, or registered funds. However, the sche…
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