RMB round-up: Fidelity’s WFOE launches first fund, only two foreign firms receive China investment quotas in April, dim sum stays cold in Q1

In this week’s round-up, Fidelity’s Shanghai-based wholly foreign-owned enterprise (WFOE) launches its first private fund, only two foreign investors were given qualified foreign institutional investor and RMB QFII quotas in April, and the dim sum bond market continued its decline in the first quarter.