State Avenue expects the relief of restrictions on FX buying and selling by abroad funds utilizing China’s Certified Overseas Investor (QFI) programme to make onshore renminbi (CNY) pricing extra aggressive and create alternatives for sellers that aren’t registered onshore as native custodians.
New proposals in a session launched by the Individuals’s Financial institution of China and the State Administration of Overseas Change will permit overseas buyers shopping for Chinese language securities through the QFI scheme to commerce and settle
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