Taiwan banks readying suite of RQFII funds
They see renminbi-denominated product as key to unlocking pent-up demand following the deregulation of securities platforms targeting non-Taiwanese investors.
Taiwanese banks are placing their faith in RMB-denominated products to drive interest in offshore banking units (OBUs) after a relaxation of rules this year.
Bank SinoPac, Citibank, E.Sun Bank and Taishin have all expressed interest in adding RMB-denominated qualified foreign institutional investor (RQFII) funds to their OBU platforms to provide access to mainland China’s onshore securities market.
The Financial Supervisory Commission (FSC) introduced liberalisations at the star…
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