CHINA: Appeals to PBC and CSRC to slow expansion of RQFII India foreign investment scheme

Wednesday July 31 2013

Further to the update of 23 July 2013, it has been reported that a number of Hong Kong-based Chinese fund management companies have jointly appealed to the People`s Bank of China (PBC) and the China Securities Regulatory Commission (CSRC) to slow expansion of the RQFII India foriegn investment scheme outside of the Chinese mainland, Taiwan, Hong Kong and Macao. This is reportedly due to fears that Hong Kong will lose its dominant position if the RQFII scheme is expanded.

This information will be updated as soon as further details become available.