Banking News
- CITIC Securities gets QDII license
Date: 16-Oct-2007 Sources: (Shenzhen Daily)
CITIC Securities Co., China's biggest listed brokerage, has obtained a license from the securities regulator to invest clients' money in overseas financial markets.
It is the second brokerage to win a license under the Qualified Domestic Institutional Investor program. In August, China International Capital Corp. became the first. CITIC Securities said it would soon submit to the regulator a comprehensive plan for its QDII business.
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