Ingosstrakh Investments was the first of the Russian management companies to gain access to the Chinese stock exchanges. The organization received the status of a qualified foreign institutional investor in China.
Forbes reports that the management company Ingosstrakh-Investments was the first among Russian companies to gain access to mainland Chinese stock exchanges with reference to the company’s director, Vladimir Krekoten.
Qualified Foreign Institutional Investor (QFII) status allows you to purchase securities, commodities, currencies, and financial derivative instruments on Chinese stock exchanges. In addition, the state allows opening brokerage and escrow accounts on these exchanges to trade shares and bonds of Chinese companies in yuan.
Ingosstrakh Investments plans to launch trust management strategies with Chinese assets to qualified investors by the end of the second quarter. Until the end of this year, the management company intends to create exchange-traded mutual funds for Chinese stocks.
In February, Alfa Capital was granted access to trading in India on the Bombay and National Stock Exchanges. The exchange agreements will be made in rupees, but the clients of the organization will receive income in rubles. Alfa Capital became the first Russian company admitted to the Indian trade.
Author:
Kirill Bilyk
Source: RB
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