Aug. 14, 2012 (China Knowledge) - The China Securities Regulatory Commission (CSRC)
, the country's stock market watchdog, said yesterday it recently granted licenses under the Qualified Foreign Institutional Investors scheme (QFIIs)
to four foreign investors.
The securities regulator on Jul. 12 granted QFII licenses to Hong Kong-based
BOC Group Life Assurance Co and Taiwan-headquartered Nan Shan Life Insurance Co.
In addition, Hall Capital Partners and Board of Regents of the University of Texas System on Aug. 6 obtained QFII licenses.
So far this year, 41 foreign investors had been granted licenses by CSRC, taking the total number of QFIIs to 176.
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.