Acceleration in QFII quota tipped for fourth quarter 2010
Safe handed out $1.3 billion in QFII quotas in the third quarter, the highest three-month figure in two years. Z-Ben Advisors suggests it may be playing catch-up after a slow year.
China’s foreign exchange regulator handed out $1.3 billion in qualified foreign institutional investor (QFII) quotas in the third quarter this year, its highest three-month tally in almost two years.
There was a rare bias towards existing players, notes consultancy Z-Ben Advisors, with six of the 10 firms granted a quota having already invested through the channel and accounting for 70% of the total. Overall, the QFII quota at this point stands at $18.9 billion.
But Francois Guillou…
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