E Fund Management is one of several China firms, including GF Fund and Dacheng Fund, that imposed restrictions on purchases of their QDII funds last week.
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E Fund Management is one of several China firms, including GF Fund and Dacheng Fund, that imposed restrictions on purchases of their QDII funds last week.
Hong Kong-domiciled products sold in the mainland (northbound funds) through the MRF had a month of outflows while southbound funds had inflows.
Hong Kong-domiciled products sold in the mainland (northbound funds) doubled assets from January to December, driven by Chinese investors seeking offshore diversification.
Hong Kong-domiciled products sold in the mainland (northbound funds) continue to gather assets.
Overnight, China officially abolished the quota restrictions, ratcheting up the potential for capital inflows after global indices began the A-shares inclusion process.
The QFII scheme is a transitional step towards China’s orderly opening of its capital markets, according to the 2018 annual report from State Administration of Foreign Exchange (Safe).
The country previously made improvements to the scheme to attract more foreign investors.
China did not give additional allocations for its inbound and outbound quota programmes last month, according to records from the State Administration of Foreign Exchange (SAFE).
Kuala Lumpur-based CIMB-Principal Asset Management has received additional quota enabling the firm to invest in China’s onshore markets, according to latest records from the country’s State Administration for Foreign Exchange (SAFE).
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