Date
20 July 2018

New US$1.03 bln QFII quota awarded to 7 investors, SAFE says

China has approved quotas worth US$1.03 billion for seven institutions under the nation’s qualified foreign institutional investor (QFII) scheme, according to a statement posted on the website of the State Administration of Foreign Exchange (SAFE). Meanwhile, the regulator also approved new quota worth 5.3 billion yuan (US$867 million) under the renminbi qualified foreign institutional investor (RQFII) program. The approvals mean that as of October 30, a total of US$48.51 billion quotas had been approved for QFIIs and 139.6 billion yuan for RQFIIs, the statement showed.

– Contact HKEJ at [email protected]

AC/RC

 

EJI Weekly Newsletter

Please click here to unsubscribe