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Alternative Market Briefing

Malta Financial Services Authority highlights facility for Maltese funds to sell to China

Monday, February 04, 2013

Beverly Chandler, Opalesque London: The January newsletter for the Maltese financial community from the Malta Financial Services Authority highlights the fact that Malta domiciled institutional investors licenced by the MFSA have the opportunity to sell investment funds to Chinese institutional investors.

The MFSA writes: "This is a result of a bilateral Memorandum of Understanding (MoU) on securities and futures regulatory cooperation signed on 26th January 2010 in Malta, with the MFSA and the China Securities Regulatory Commission (CSRC). A similar agreement was signed with the China Banking Regulatory Commission (CBRC). Chinese institutional investors must have a Qualifying Domestic Institutional Investor (QDII) status to be eligible to access the local market. The QDII status is a scheme relating to Chinese capital market outflows set up to allow authorised financial institutions of Chinese domiciliation to invest in overseas markets that hold a bi-lateral MoU with the Chinese regulatory Commission."

Useful information for Maltese firms includes:

  • Chinese institutional investors, including commercial banks, securities companies, fund companies, insurance companies and trust funds, must hold a QDII licence from the respective Chinese regulatory Commissions, namely China Security Regulatory Commission (CSRC); China Banking Regulatory Commission (CBRC); or China Insurance Regulatory Commission (CIRC). The Chine......................

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