The Provisions expand the scope of RQFIIs to also include Hong Kong subsidiaries of commercial banks and insurance companies, as well as financial institutions incorporated and with a principal place of business in Hong Kong. The requirement that 80% of the proceeds be invested in fixed-return securities is also lifted.
China's top regulator is allowing Hong Kong and foreign financial institutions to tap into the country's capital markets, but it is unclear what threshold the foreign institutions will have to meet to be classified as having a principal place of business in Hong Kong
China's top regulator is allowing Hong Kong and foreign financial institutions to tap into the country's capital markets, but it is unclear what threshold the foreign institutions will have to meet to be classified as having a principal place of business in Hong Kong
Private equity funds established in the form of a company or partnership to engage in securities investments managed by a fund manager or general partnership are now governed by the Securities Investment Fund Law.
Issued: January 11 2013Main contents: The Draft sets out the criteria for sale of securities investment funds for insurance institutions:(1) insurance…