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China grants 7 QFII licenses in May

Jun. 15, 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 7 foreign investors in May, sources reported.

The seven institutions were Eurizon Capital S.A., GENERAIL Fund Management S.A., Fullerton Fund Management Company Ltd, Lion Global Investors Limited, BOCI-Prudential Asset Management Limited, William Blair & Company,L.L.C. and Investec Asset Management Limited.

So far this year, 35 foreign investors had been granted licenses by CSRC leading the total number of QFIIs to reach 170.

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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