Singapore-based asset manager Lion Global Investors (LGI) has received a Renminbi Qualified Foreign Institutional Investor (RQFII) license and is planning to launch a suite of RQFII unit trust funds.
The RQFII license, which was granted by the China Securities Regulatory Commission (CSRC), will enable the firm to invest in China’s domestic capital markets.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Lion Global chief executive Gerard Lee said that the fir is now in the process of applying for a quota from the State Administration of Foreign Exchange.
The firm is planning to launch three RMB funds early next year which include a bond fund, an A-share product and a balanced fund composed of the two. THe new funds are intended to invest in China’s onshore equity and fixed income markets.
Bank of China (BoC), Lion Global Investors’ onshore custodian bank in China, has assisted the firm for the application of the RQFII license.
Guo Ning Ning, general manager of Bank of China Singapore branch, said: "We believe that this strategic partnership with Lion Global Investors will further propel our status as the leading provider of RMB wealth management products in Singapore."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataLion Global Investors, a member of the Oversea-Chinese Banking Corporation Limited (OCBC) Group, had managed assets under management of $25.8bn at the end of June 2014.
