Clifford Chance
Launch of the Renminbi Qualified Foreign Institutional Investor (RQFII) programme in Singapore
3 April 2014
The Monetary Authority of Singapore (MAS) announced on 24 January, 2014
that eligible financial institutions in Singapore may now apply for an RQFII
licence to establish Renminbi (RMB) denominated investment products.
The agreement aims to strengthen cooperation between Singapore and the
People's Republic of China on financial development and regulation and follows
the success of the RQFII programme in Hong Kong.
