Seeking Alpha

Dark Apprentice's  Instablog

Dark Apprentice
Send Message
MBA from University of Toronto. CFA charter holder since 2012. Investment Manager at a major Chinese Institutional Investor responsible for QDII, QFII and RQFII funds.
  • France Welcomes 80 Billion RQFII Quota 0 comments
    Mar 29, 2014 9:50 PM

    According to a joint announcement by China and France, France has been granted a RQFII quota of RMB 80 Billion.

    France is now, after the UK, the second European country to get RQFII quota.

    China and France agree to continue to hold talks on the establishment of yuan clearing and settlement arrangements in Paris.

    Paris is likely to join Hong Kong, London(80 Billion RMB) and Singapore(50 Billion RMB) as the next Offshore RMB centers .

    According to SAFE compiled data, by 2014/2/28, the RQFII scheme has a total of 59 institutions with 180.4 Billion RMB (~30 Billion USD)in quota.

Back To Dark Apprentice's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Most Commented
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.