The landmark three-year bond from China Minmetals last month highlights China's developing offshore renminbi market, but SOEs still have to contend with strict registration requirements from SAFE
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