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China approves RMB 8.2 bln more RQFII quota

Jan. 9, 2012 (China Knowledge) - China's State Administration of Foreign Exchange (SAFE) has approved RMB 8.2 billion of investment quota to 10 Renminbi Qualified Foreign Institutional Investors (RQFII), the source reported.

The Hong Kong subsidiaries of Guoyuan Securities Co<000728> and Huatai Securities Co<601688> each get an investment quota of RMB 500 million.

In addition, the foreign exchange regulator approved RMB 900 million of quota each to the Hong Kong units of eight institutions, including, China International Capital Corp, Guosen Securities, Everbright Securities Co<601788>, Haitong Securities Co Ltd<600837> and CITIC Securities Co<600030><6030>.

The SAFE earlier granted RMB 10.7 billion of investment quota to another 10 RQFIIs, including CSOP Asset Management Ltd, Harvest Global Investments, Da Cheng International Asset Management Co, China Universal Asset Management, HFT Investment Management (HK) Ltd, Bosera Asset Management Co and Hua An Fund Management Co, China Knowledge reported earlier.

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