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CSRC grants 5 QFII licenses in Apr

May. 10, 2012 (China Knowledge) - The China Securities Regulatory Commission (CSRC), the country's stock market watchdog, said yesterday it had granted licenses under the Qualified Foreign Institutional Investors scheme (QFIIs) to 5 foreign investors in April, lesser than the 11 licenses granted in March, sources reported.

The five institutions were Prescient Investment Management Pty Ltd, Dongbu Asset Management Co, Janus Capital Management LLC, Mizuho Asset Management Co and Henderson Global Investors Ltd.

So far, the total number of QFIIs had reached 163, said the CSRC.
 
In the whole of 2011, the CSRC granted a total of 29 QFII licenses, including 15 granted in the first 11 months of last year.
 
The QFII program was first launched in 2003. Foreign investors can trade China's domestically listed RMB-denominated A-shares through the program. After obtaining approval from the CSRC, a QFII must wait for the State Administration of Foreign Exchange (SAFE) to approve an investment quota before the foreign investor can start making securities investments in China.






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