Chinese investors gain access to Irish-domiciled funds

Following increasing Asian demand for European-domiciled funds, the Irish financial regulator IFSRA has signed a memorandum of understanding with the China Securities Regulatory Commission (CSRC) and China Banking Regulatory Commission (CBRC). It will enable Chinese investors to use Irish-domiciled Ucits-compliant and non-Ucits investment vehicles for the first time through the Qualified Domestic Institutional Investor (QDII) regime. Gary Palmer, chief executive of the IFIA, said the move will make Ireland more appealing to investment managers who are already attracted by its open, tran...