No rash of QFII approvals expected despite long queue

Last week saw Fubon Investment Trust and Capital Investment Trust become the first Taiwanese institutions to be granted qualified foreign institutional investor (QFII) licences by Beijing. These landmark concessions brought China’s QFII family to 103 members at present, including a net addition of 10 so far this year. There is clearly room for further QFII approvals, and more than 50 foreign investors are waiting for licences to be granted, including Taiwanese firms Yuanta, Polaris an…