Strict regulations are deterring fund managers from capitalising on the opening of China's yuan-deno...
Strict regulations are deterring fund managers from capitalising on the opening of China's yuan-denominated securities market to foreign investors. The China Securities Regulatory Commission has announced that vetted foreign investors will be permitted to make yuan purchases of initial public offerings, rights offerings, convertible bonds and mutual funds. The country has kept 90% of its $500bn equities market, the second biggest in Asia after Japan, closed to foreigners for the past decade. But the closed proportion is expected to rapidly diminish with the changes, spurred by Chi...
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