Investment Updates News
- US$500m in new QFII quotas approved
Date: 19-Jan-2007 Sources: (Shenzhen Daily)
THE foreign exchange regulator approved US$500 million in new quotas under its Qualified Foreign Institutional Investor (QFII) program, which offers foreigners limited access to the country's equity and debt markets.
GE Asset Management Inc. and UBS Global Asset Management (Singapore) had each been granted a quota of US$200 million, the State Administration of Foreign Exchange said on its Web site.
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