Opening up of China market will not deplete Hong Kong RMB liquidity
The renminbi deposit base in Hong Kong banks will not face depletion even as investors have more ways of remitting the currency back to mainland China, say speakers at the Asian Financial Forum
Moves by China to loosen the regulations relating to its qualified foreign institutional investor (QFII) and renminbi qualified foreign institutional investor (RQFII) schemes will not impact liquidity in the offshore RMB market, according to senior figures from Hong Kong's financial sector.
China increased the RQFII quota by 200 billion yuan ($32 billion) in 2012 and, speaking at the Asian Financial Forum on Monday, Guo Shuqing, chairman of the China Securities Regulatory Commission, said the
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