Nov. 13, 2012 (China Knowledge) - The China Securities Regulatory Commission (CSRC)
, the country's stock market watchdog, has said that it had granted licenses under the Qualified Foreign Institutional Investors scheme (QFIIs)
to 4 foreign investors in October.
The four institutions were Cutwater Investor Services Corporation, OrbiMed Advisors LLC, New Silk Road Investment Pet. Ltd and BlackRock Asset Management North Asia Limited.
So far this year, 57 foreign investors had been granted licenses by CSRC leading the total number of QFIIs to reach 192.
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.