Regulatory Alerts2012-01-18
Added · Updated
Selling of Renminbi Qualified Foreign Institutional Investor (RQFII) Funds
The Chief Executive of the Hong Kong Monetary Authority issued this circular to direct Registered Institutions to ensure adequate due diligence and suitability assessments for Renminbi Qualified Foreign Institutional Investor funds. The document mandates that institutions thoroughly disclose specific risks, including regulatory uncertainty, Mainland market concentration, currency fluctuations, and credit or liquidity issues associated with debt instruments. Registered Institutions are required to ensure frontline staff properly handle customer enquiries and advise investors to carefully review offering documents before investing.
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