Dechert looks to the next step for offshore RMB investments
Dechert, the legal firm, has issued a note outlining the next steps in the offshore renminbi market for those looking to tap the onshore securities market in the People’s Republic of China.
The note suggests that the Renminbi Qualified Foreign Institutional Investor Scheme (RFQII Scheme) has been well received by the Hong Kong financial services industry, which is the key through which such investments will be made.
However, what is less clear so far is how well it will benefit smaller to medium sized Mainland Chinese fund management companies or custodians.
To read the full report click here: [asset_library_tag 3879,Next Steps for Offshore RMB]