Seven years ago, at a small ceremony in Beijing, Nicole Yuen became the first foreigner to buy shares in China's dominant A share market.
As head of China equities at UBS, Ms Yuen had been instrumental in helping the Swiss investment bank win approval from regulators to enter the qualified foreign institutional investor (QFII) scheme – the only way overseas groups can buy A shares on the mainland.
Since then, she has remained a central figure within this exclusive club, which has expanded to 86 institutions that have been granted a combined total of $16.7bn (￡10.2bn, €11.6bn) in investment quotas.
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