JPMorgan Singapore's asset mgt arm gets RQFII licence
Media reports say Singapore's overall RQFII quota of 50b yuan is far from reaching maximum
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Singapore
JP Morgan Asset Management Singapore Limited on Thursday said it has received its Renminbi Qualified Foreign Institutional Investor (RQFII) licence from the China Securities Regulatory Commission.
It will next apply to the State Administration of Foreign Exchange (SAFE) for an RQFII investment quota. It currently has US$6.9 billion in assets under management in Singapore.
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