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China expands RQFII scheme to Thailand with $7.8 billion quota

( December 18, 2015, 02:52 GMT | Official Statement) -- MLex Summary: The People’s Bank of China has announced a decision to grant Thailand a 50 billion yuan ($7.8 billion) quota under the yuan Qualified Foreign Institutional Investor scheme, or RQFII. The RQFII scheme allows qualified foreign investors to invest in the Chinese mainland securities market within a permitted quota. The move reflects enhanced financial cooperation between China and Thailand, and will expand the channels through which foreign investors may allocate assets. It will also facilitate the opening of China’s domestic capital market and two-way trade and investment, the Chinese central bank said in a statement.The Chinese central bank’s statement follows:...

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