BNP Paribas Investment Partners, the asset management arm of BNP Paribas, has been granted a Renminbi Qualified Foreign Institutional Investor (RQFII) license by the China Securities Regulatory Commission (CSRC). This makes BNP Paribas Investment Partners one of the first companies in France and the Eurozone to be granted this license by the CSRC.

 

The RQFII license will enable BNP Paribas IP to provide its clients with access to the latest route to invest in China’s internationalizing domestic capital markets, including A-shares and onshore bond markets, denominated in renminbi. This will provide direct and straightforward access to the growing Chinese economy to its retail and institutional clients.

 

Since 2004, BNP Paribas IP has provided its global clients with access to the Chinese market as one of the largest global QFII managers. Today, these clients show a strong appetite for investing in onshore markets including Chinese fixed income, which provides attractive yields for robust credit quality combined with the historically low volatility of the renminbi which is expected to keep its long term appreciation trend.

 

At the same time, institutional investors are structurally underweight the second largest economy worldwide and are now looking to fill this gap with the new investment opportunities that are being offered. With this license, BNP Paribas Investment Partners takes a new step in offering further diverse investment solutions capturing new opportunities for its clients globally.

 

Vincent Camerlynck, CEO Asia Pacific, adds: “BNP Paribas Investment Partners clients’ have been early adopters of investing in onshore China markets through our QFII products. The momentum for renminbi internationalization has never been stronger, as we see our clients expressing interest in embracing the opportunities linked to the recent economic and financial reforms. Being granted one of the first RQFII licenses in the Eurozone underlines our unrivalled footprint and commitment to continue to offer investment solutions to our clients looking to tap into the significant growth of China.”