Safe slashes QFII licence activity
China's State Administration of Foreign Exchange awarded $150 million in QFII quota in April, the lowest in almost two years. Analysts expect this trend to continue.
China’s State Administration of Foreign Exchange (Safe) awarded total qualified foreign institutional investor (QFII) quota of just $150 million in April, the lowest monthly amount in almost two years, amid worries over hot money flows.
Taiwanese fund manager Fuh Hwa Securities Investment Trust and Switzerland-based EJS Investment Management received $100 million and $50 million, respectively.
The smallest QFII total monthly quota previously issued was $100 million handed to Roy…
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