CIMB-Principal Asset Management has become the first Malaysian asset management firm to receive RQFII licence from the China Securities Regulatory Commission.

The licence will give the asset manager direct access into China’s domestic capital markets and allow it to invest in the bonds of China entities.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

CIMB-Principal CEO Munirah Khairuddin said: “We plan to develop and introduce more innovative products that invest in China onshore securities, as well as diversify some existing investment portfolios directly into China’s onshore equities and fixed income securities.

“This, I believe, will definitely add value to our customer proposition for both Malaysian and international clients,” Khairuddin added.

CIMB-Principal appointed HSBC (Malaysia) Trustee as trustee, The Hongkong and Shanghai Banking Corporation as global custodian and HSBC Bank (China) Company as its China RQFII custodian.

HSBC Bank (China), which acted as CIMB-Principal’s onshore custodian bank in China, facilitated the application for RQFII licence.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

HSBC Malaysia CEO Mukhtar Hussain said: “We are proud to be appointed the custodian bank for Malaysia’s first RQFII. The size of the RQFII quota granted to Malaysia is further evidence of China’s commitment to granting investors greater access to its markets.

“We are confident this will be the first of many investments flowing through the China-Malaysia business corridor, which is growing in importance every year. HSBC has a number of firsts in servicing institutional investors in China. We are delighted to add another notch to our already stellar track record.”