China raises RQFII quota for Singapore to 100b yuan (China Daily)

BEIJING – China will raise the investment quota for Singapore under the renminbi Qualified Foreign Institutional Investors (RQFII) plan to 100 billion yuan ($15.7 billion), the central bank announced Tuesday. Previously, the volume was set at 50 billion yuan. The RQFII mechanism, which was launched in December 2011 to widen investment channels for overseas yuan funds…