China is considering relaxing or abolishing a rule that requires Renminbi Qualified Foreign Institutional Investor funds to invest mostly in bonds, said Norman Chan, head of the Hong Kong Monetary Authority.

 

RQFII funds are required to invest at least 80 percent of their assets in China's onshore bond market, with the rest going into equities or kept as cash. After meeting with Guo Shuqing, chairman of the China Securities Regulatory Commission, Chan said in Beijing yesterday: "We'd like to abolish or relax this proportion requirement. Chairman Guo has expressed that he agrees and supports our suggestions."

 

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