China will give offshore money managers more freedom in deciding where to invest their renminbi holdings, in the latest step to boost the currency’s global appeal.
The Chinese Securities Regulatory Commission said it would allow offshore funds greater latitude in investing in renminbi-denominated stocks, bonds and other assets. Previously, they could only invest 20 per cent of their assets in Chinese stocks and could only offer their clients exchange traded funds and fixed-income products.
“Although this had been good for controlling risks, it was very difficult to satisfy the differentiated demands of investors,” the regulator said in a statement.
您已阅读31%（654字），剩余69%（1425字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。