BlackRock receives RQFII licence
This further underlines the US fund house’s commitment to its Chinese business, coming on top of its two batches of QFII quota.
The world’s biggest fund manager is awaiting renminbi qualified foreign institutional investor (RQFII) quota that will allow it to invest in mainland Chinese assets using offshore RMB.
BlackRock has won the RQFII licence from the China Securities Regulatory Commission and is waiting to see how much it will receive from the country’s State Administration of Foreign Exchange.
The fund manager already has two QFII quota batches of $100 million each, awarded in June 2012 and March 2…
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