The China Interbank Bond Market recognised as regulated market for Luxembourg UCITS

Elvinger, Hoss & Prussen received confirmation from the CSSF (“Luxembourg Commission for the Supervision of the Financial Sector”) that the CSSF does not object to the classification of the China Interbank Bond Market (“CIBM”) as regulated market for the purpose of the UCITS regulations. 

Investments into this market will for every asset manager/UCITS be subject to conditions of experience in the market, overall liquidity of the UCITS portfolio, transparency in the documentation and adequacy of risk management. 

Combined with an RQFII quota this will allow a Luxembourg UCITS to invest up to 100% of its net assets in the CIBM (on which close to 95% of the China fixed income securities are traded). 

This follows our announcement, in November 2013, of the “First Luxembourg UCITS authorised by the CSSF to invest 100% in China A Shares under RQFII Quota”.

For any information in relation to the above, please contact:
at our Luxembourg Office : Jacques Elvinger or Gast Juncker;
at our Hong Kong Office : Katia Panichi.