Reports of RQFII’s demise seem greatly exaggerated
Investors look set to use the Chinese cross-border scheme for some years yet. It still offers certain advantages over Stock Connect, including lower trading costs, say fund executives.
This week Beijing finally handed new quota to Hong Kong under the renminbi qualified institutional investor (RQFII) scheme, after hitting the original Rmb270 billion cap back in October 2014.
But has the near-doubling of the quota to Rmb500 billion ($73.55 billion) come too late, in light of market developments in the past year or so? Have the QFII and RQFII cross-border investment programmes had their day, now that Bond Connect, Stock Connect and China interbank bond market direc…
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