CHINA: Monetary Authority of Singapore Licence Applications open to Invest Offshore Renminbi in Chinese Securities Markets

Monday January 27 2014

News Source: Global Exchanges

Focus: Stock Exchange Corporate Governance

Type: General

Country: China

Link: http://www.mas.gov.sg/news-and-publications/press-releases/2014/applications-open-for-financial-institutions-to-invest-in-renminbi-products-in-china.aspx

The Monetary Authority of Singapore (MAS) has announced that eligible financial institutions can submit applications for the Renminbi Qualified Foreign Institutional Investor (RQFII) licence that will enable these institutions to offer RMB investment products and invest offshore RMB into China`s securities markets. The applications are to be made to the China Securities Regulatory Commission (CSRC) via approved custodian banks. All Singapore-incorporated financial institutions that are approved by MAS to conduct fund management activities may apply for the licence.

Click on above link for further details.