Date
23 October 2018

HSBC unit secures 800 mln yuan RQFII quota, paper says

HSBC Global Asset Management (Hong Kong) Ltd., an investment management subsidiary of HSBC Holdings Plc (00005.HK), was granted 800 million yuan (US$130.75 million) quota under China’s Renminbi Qualified Foreign Institutional Investor (RQFII) program, Ming Pao Daily News reported late Monday, citing a company announcement. The quota will be used for investments in fixed-income securities in mainland China, it said. HSBC will also launch a corresponding product to retail and institutional clients in Hong Kong after getting regulatory approval, the report added.

– Contact HKEJ at [email protected]

MY/AC/RC

 

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