Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
CHINA: Tuesday saw SAFE announce that it has decided to remove the QFII & RQFII
quota limits. SAFE will also start to revise the rules related to offshore
investors' FX remittance & seek State Council approval to simplify the
registration/approval process to use the market access points. While it is easy
to brush the move under the carpet owing to the limited use of the quotas, some
points are worth noting. Both channels do not have a daily trading limit, which
presents an advantage vs. the stock connect programmes, although the licencing
requirement is a hindrance vs the stock connects. The channels also have wider
access to A-shares than the stock connect programmes, and are subjected to
slightly less strenuous foreign holding limits than stock connect activities.
- While the move will not trigger any notable sharp capital inflows it does
fulfil 1 of FTSE's 2 outlined criteria to boost the inclusion of A-shares via
QFII & RQFII in its relevant indices; namely "an increase in the aggregate QFII
& RQFII quota levels." The remaining criteria was the "availability of Delivery
versus Payment via QFII & RQFII." There was no move to relax restrictions for
the outbound Qualified Domestic Institutional Investor (QDII) scheme.