Date
12 December 2017

Taiwan lets brokers’ offshore arms sell RQFII funds, paper says

Taiwan’s Financial Supervisory Commission is set to give 12 domestic brokerages’ offshore securities units licenses to sell offshore investment funds, including ones covered by the renminbi qualified foreign institutional investor program, hedge funds and other derivative products, the United Daily News reported Tuesday, citing unidentified sources. The offshore units are based in the island’s new free economic demonstration zone and will begin operations at the end of the month. The push is designed to encourage high-net-worth Taiwanese to repatriate funds back to the island for wealth management, the report said.

– Contact HKEJ at [email protected]

TL/AC/SK

 

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