Luxembourg also has its own renminbi quota, although the government has yet to decide how it will be allocated.
“There’s a working group at the government, and ALFI is a member of that group, and they are working out the practicalities of how to use it,” Voss said.
Voss said ALFI is also engaging, along with EFAMA, with the European Commission in Brussels to have discussions with the Chinese regulators to see eventually whether there could also be mutual fund recognition between Europe and China.
“ALFI will make sure it stays on their agenda to do,” Voss said.
