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RMB globalisation

RMB globalisation

Internationalisation of the renminbi is one of the key themes for China's, and broader Asia's, asset management industry.
For a China looking to internationalise its currency, the Russian banking crisis could make it a force to reckon with; Family offices remain drawn to the city’s tax incentives, political and currency stability, clear regulatory framework and good schools for their children; Indonesia’s new wealth fund is talking to more than 100 investors; AIA set to boost exposure to Asian infrastructure 'as much as possible'; and more.
March's most read: Could Russia's SWIFT ban benefit renminbi assets?; Family offices unfazed by Singapore's wealth taxes
The HK subsidiary is set to list offshore renminbi ETFs in Hong Kong and New York and is in talks with global partners. It is also seeking to double its staff in Hong Kong to 40.
Bosera AM targets global, HK expansion
The firm's Asia ex-Japan head, Li Ting, plans to list an RQFII ETF in Hong Kong this year, and potentially also on other exchanges. This comes after it received an RQFII licence.
SSgA’s Asia chief reveals RQFII plans