Economy
Financial Markets
Commodities
Industries
Energy
Real Estate
Local listed Company
Overseas-listed Company
Foreign Company
Industrial Parks


 
Financial Market
 Search News  Or
China grants RMB 5 bln RQFII quota

Sep. 17, 2012 (China Knowledge) - China's State Administration of Foreign Exchange (SAFE) approved RMB 5 billion of investment quota to two Renminbi Qualified Foreign Institutional Investors (RQFII) in August.

Harvest Global Investments Ltd got RMB 2 billion of investment quota and E Fund Management (Hong Kong) Ltd won RMB 3 billion of quota.

As of Aug 31, 2012, the foreign exchange regulator had approved RMB 37 billion of RQFII quota, comprising RMB 27 billion to fund management firms and RMB 10 billion to securities companies.

Under the RQFII program, qualified foreign investors are allowed to raise funds in RMB from the Hong Kong market to invest in China’s domestic securities market.







Add this     
Copyright © "2015" www.chinaknowledge.com

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China, Market Research Reports and other premium information, subscribe to China Knowledge today

To access our page on Bloomberg, type CKFI (GO)

 Our Professional Services

 E-Store

 News Archive
About Us | CSR | Media Center | E-Newsletter | E-Store | Contact Us | Feedback | Sitemap | Privacy Policy | Terms of Use  

           Copyright © 2014 China Knowledge Online. All Rights Reserved