Others News
- China Asset gets US$2.5b QDII quota
Date: 17-Sep-2007 Sources: (Shenzhen Daily)
CHINA Asset Management Co., the country's largest mutual fund company, has obtained a US$2.5 billion quota to invest clients' money in overseas financial markets, the foreign exchange regulator said.
The announcement by the State Administration of Foreign Exchange late Friday makes China Asset Management the third fund manager to win a quota under the Qualified Domestic Institutional Investor (QDII) program.
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