Mar. 12, 2012 (China Knowledge) - China's State Administration of Foreign Exchange (SAFE)
said last Friday that it had granted US$2.91 billion of investment quota to 23 Qualified Foreign Institutional Investors (RQFII)
this year so far.
In early March, a total of 15 QFIIs
obtained US$2.11 billion of investment quota from the foreign exchange regulator.
As of Mar. 9, the SAFE
had granted US$24.55 billion of quota to 129 QFIIs
The foreign exchange regulator said that all the QFIIs
that had submitted applications for an investment quota had received regulatory approval.
With easing pressure from international payments, the approval of QFII
quota has been in faster pace since late last year, said some analysts.