Posted inRegulation

Deutsche Asset Germany receives RQFII license

The firm said it has become the first asset manager in Germany to receive a Renminbi Qualified Foreign Institutional Investor (RQFII) license, which will enable it to invest in mainland securities.

Deutsche Asset & Wealth Management Investment said it will now apply for a quota with China’s State Administration of Foreign Exchange. 

In a bid to internationalise its financial markets, China last year expanded the RQFII pilot programme to Germany with an RMB80bn ($12.9bn) quota.

Recent developments like the Shanghai-Hong Kong Stock Connect programme have fuelled interest in the Chinese onshore markets.

“With China’s enormous growth potential, this is a very important market for both our active and passive investment management clients,” said James Dilworth, chief executive.

The firm said it currently has several fund offerings that provide exposure to China. 

It claims to be one of the largest providers of China A-Shares ETFs in Europe and the US, reporting assets under management of about €2bn ($2.2bn) on 31 January.

On the active side, the fund house offers the Deutsche Invest I China Bonds, which was launched in August 2011. 

“Today, we focus on renminbi-denominated or renminbi-hedged offshore bond investments. Going forward, and once we have received our quota, we want to enable an extended opportunity set, including onshore and offshore bonds,” Dilworth said.


Part of the Mark Allen Group.