The Chinese regulatory authorities have granted Julius Baer a qualified foreign institutional investor (QFII) licence.

The firm claims that it is the first private bank to gain a QFII, which allows it to access the Chinese onshore equity and bond markets.

The firm has also expanded its renminbi (RMB) product offering to meet burgeoning demand from clients. The bank can now offer RMB conversion services, current and fixed deposit accounts, RMB-denominated unit trusts, currency linked investments and bonds.

Kenneth Ho, Head of Products Asia Pacific said: “An increasing number of clients are...