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FIs invited to tap offshore yuan scheme

MAS calls for applications for China's RQFII licence, via custodian banks
Saturday, January 25, 2014 - 06:00

Singapore THE Monetary Authority of Singapore has called for applications for China's renminbi qualified foreign institutional investor (RQFII) licence. Financial institutions that hold such a licence can offer yuan-denominated investment products and invest offshore yuan - the Chinese currency

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