Doors open for more overseas yuan

Beijing has reopened the door for offshore holders of yuan to invest in the mainland's stocks and bonds, by granting more quota under the renminbi qualified foreign institutional investor (RQFII) scheme.

The Hong Kong office of China Asset Management, the mainland's largest mutual fund house, said it had obtained a fresh 2 billion yuan (HK$2.52 billion) of quota. It is the first institution that has been allowed to increase its purchases of mainland shares and debt under the programme.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1234106/doors-open-more-overseas-yuan