China to expand Singapore RQFII quota to 100b yuan

China will expand Singapore's Renminbi Qualified Foreign Institutional Investor (RQFII) quota to 100 billion yuan, China's central bank said in a statement posted on its website on Tuesday. 

PHOTO: BLOOMBERG

NOV 17, 201512:28 PM

[BEIJING] China will expand Singapore's Renminbi Qualified Foreign Institutional Investor (RQFII) quota to 100 billion yuan, China's central bank said in a statement posted on its website on Tuesday.

The plans were first announced in early November by Chinese President Xi Jinping during his visit to Singapore.

REUTERS