CSRC to ban QFII quota use for China derivatives; ETF providers hit

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The derivatives desks of leading banks are unlikely to be able to use part of their permitted China investment quota to provide offshore investors with synthetic access mirroring China's only equity futures tracking the CSI 300, an on-going consultation paper launched by the securities regulator revealed this week.

The China Securities Regulatory Commission (CSRC) issued proposed rules governing approved foreign financial institutions under the qualified foreign institutional investors (QFII) sc

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