Dec 19, 2011 06:34 PM

Yuan-Denominated QFII Program Kicks Off

By staff reporter Tian Lin

(Beijing) -- Hong Kong investment firms ushered in the launch of the RMB Qualified Foreign Institutional Investors (RQFII) business with several companies gearing up to participate in the program.

Chinese regulators announced the start of pilot programs on December 16 as part of the central government's latest moves to push forward the internationalization of the yuan.

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