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Ashmore gets RQFII status
07 January 2014
First asset manager outside of Hong Kong to win approval
Ashmore has been granted RMB Qualified Foreign Institutional
Investors (RQFII) status, making it the first investment
manager outside of Hong Kong to receive the approval.
The status, approved by the China Securities Regulatory
Commission (CSRC), allows international investors access to the
Chinese onshore equity and fixed income securities markets.
"China has been one of the most compelling, yet difficult
markets for investors to access. The scale of the
investment opportunity in China is enormous.
China’s over US$4.0 trillion Interbank Bond market
is poised for considerable growth and development as China
continues to liberalise, and the over US$3.5 trillion A-shares
equity market already has a market capitalisation above that of
the London Stock Exchange.
Both these markets have traditionally been difficult for
international investors to access until now," said Jan Dehn,
Ashmore's head of research.
Many of Ashmore’s clients are looking for ways to
make dedicated investments in China as part of their
well-diversified global portfolios, according to global head of
distribution Christoph Hofmann.
"The Chinese investment market is one of the most dynamic in
the world, and securing this licence from the CSRC is a
reflection of Ashmore’s long-standing commitment
and deep ties to China. We are very proud that Ashmore has been
chosen as the first foreign asset manager to be granted access
to one of the most compelling investment opportunities of our
The RQFII scheme allows for improved ease of repatriation of
funds compared to the existing QFII scheme, and provides more
flexible investment guidelines for investors looking to invest
in China, which Ashmore believes will have numerous benefits to