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China grants US$2.91-bln QFII quota this year so far

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.

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