Lion Global Investors has been awarded the Renminbi Qualified Foreign Institutional Investor (RQFII) license from the China Securities Regulatory Commission (CSRC), allowing the Singapore-based fund manager to invest in China’s domestic capital markets.

 

With its RQFII status, Lion Global Investors will follow up with the application for its investment quota from the State Administration of Foreign Exchange (SAFE); and has plans to launch a suite of RQFII unit trust funds to fully participate in China’s onshore equity and fixed income markets.

 

Gerard Lee, Lion Global Investors’ CEO and CIO said, “We’re very glad to be given the RQFII license as it allows us to continue with our roll-out of onshore renminbi funds. In addition to A-shares, we can now add RMB onshore bonds and balanced funds to our list of offerings.”

 

Bank of China (BoC), Lion Global Investors’ onshore custodian bank in China, facilitated its application for the license. “As the market leader for specialized renminbi products and services, Bank of China has a strong focus on developing the renminbi business in Singapore, targeting at both institutional and retail investors. We provide crucial assistance for financial institutions, like Lion Global Investors, in obtaining RQFII licenses to access onshore investment opportunities in China and also distribute the RQFII funds. We believe that this strategic partnership with Lion Global Investors will further propel our status as the leading provider of RMB wealth management products in Singapore,” said Guo Ning Ning, general manager of Bank of China Singapore branch.