China smashes previous high for QFII approvals
The CSRC awards licences to 14 long-only institutions including two central banks, two sovereign wealth funds and two pension funds. A rise in quotas is forecast.
China’s securities regulator posted a record monthly high for QFII licence approvals in December, more than doubling the previous best since the scheme was introduced in 2003.
The China Securities Regulatory Commission (CSRC) awarded 14 qualified foreign institutional investor permits in December, it revealed on its website yesterday, trouncing the former peak of six recorded in both September 2004 and August 2008.
The latest beneficiaries are mostly long-only investors and incl…
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