Investors should include exposure to China in their asset allocation of portfolios, as the country accelerates the opening of its capital markets, according to the Bank of Singapore (BoS).

This comes as global fund management firms recently received approval to set up China units to tap the estimated RMB17.7 trillion domestic mutual fund market.

In May, Chinese regulators scrapped the Qualified Foreign Institutional Investor (QFII) scheme and the Renminbi Qualified Foreign Institutional Investor (RQFII) scheme.

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