News Snapshot:
China will simplify approval procedures and allow investments in a wider array of yuan assets under the quota-free qualified foreign institutional investors (QFII) and the renminbi-QFII (R-QFII) programmes The appeal of local assets should increase with the yuan and stocks on a roll, analysts say; pitfalls exist in some corners of the market China’s yuan-based assets will get a fresh catalyst from a slew of policy fine-tuning to give foreign investors wider access to local markets. That means exposure to the second-best currency in Asia over 12 months. China’s yuan-denominated assets will get a fresh catalyst this month from some...