The Business Times
business-time-50
SUBSCRIBERS

HK seeks increase in quota to invest in mainland's financial markets

google-preferred-sourceAdd BT as a preferred source
Published Tue, Jun 9, 2015 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Hong Kong

HONG Kong is in talks with the authorities in Beijing to expand its quota to invest in mainland financial markets as the limit has been reached, the city's financial secretary said on Tuesday.

As a pioneer to promote the yuan's internationalisation, Hong Kong was granted a 270 billion yuan (S$58.8 billion) quota under the Renminbi Foreign Institutional Investor (RQFII) scheme in 2011 to facilitate cross-border foreign investment.

Copyright SPH Media. All rights reserved.

Reuse this contentFeedback

TRENDING NOW

Capital City Mall is expected to benefit from increased visitor traffic once the Johor Bahru-Singapore Rapid Transit System commences operations at the end of 2026.

Mustafa Centre begins fit-out at JB’s Capital City Mall after 2-year delay

In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

The rise of Chinese automakers can be seen across Malaysia’s car districts.

Aiming at China, Malaysia puts new restrictions on electric cars

It is the first tightening since October 2022, when MAS wrapped up a cycle of five consecutive moves to combat post-pandemic inflation.

Singapore tightens monetary policy for first time since 2022, raises inflation forecasts amid Iran war oil shock

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More