RMB Qualified Foreign Institutional Investor (RQFII) Service
In November 2014, the People’s Bank of China and the Reserve Bank of Australia agreed to extend the pilot RQFII to Australia. The initial investment quota is CNY 50 billion Yuan. Bank of China can provide RQFII application, custodian and consultation services and help foreign investors share in the benefits of RMB internationalisation. Bank of China is thoroughly experienced in RQFII business and communicating with the various regulatory bodies and holds absolute market share in the mainland China market.
