Staff Reporter
,
Hong Kong
Will enable investments in mainland fixed income markets.
HSBC Global Asset Management in Hong Kong has been awarded a license under the Renminbi Qualified Foreign Institutional Investors (RQFII) scheme.
The license means HSBC AM will be able to invest in the Chinese fixed income (including money market) and A-share markets, both of which are denominated in renminbi.
Retail and institutional clients of HSBC AM will be able to invest in a range of new opportunities in mainland China.
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