Safe smashes QFII record, more relaxations tipped
China's FX regulator awarded $2.75 billion in quota to nine foreign firms last month, with further liberalisation expected to be announced by the CSRC as early as this month.
China’s foreign exchange regulator smashed its monthly record for allocating QFII quota in October, in a sign that Beijing is ramping up its drive to direct money into its capital markets.
The State Administration of Foreign Exchange (Safe) granted a total of $2.75 billion to nine foreign financial institutions last month, breaking its previous high of $2.1 billion set this March. It made the announcement on its website yesterday.
Among them, on October 25 Safe granted $600 mill…
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