Newsflash – China Grants Luxembourg 50 Billion RQFII Quota
A 50 billion RMB quota has been granted to Luxembourg under the RQFII regime, which will further promote the internationalisation of RMB and reinforce Luxembourg’s role as a true offshore RMB centre.
People’s Bank of China (PBoC) has announced yesterday that a 50 billion RMB quota has been granted to Luxembourg under the Renminbi Qualified Foreign Institutional Investor (RQFII) program in an effort to further promote global use of RMB. Luxembourg investors will now have the right to invest in the mainland’s capital market using offshore RMB. This will further reinforce Luxembourg’s role as a true offshore RMB centre…
Read the full article in english and chinese on www.bsp.lu