China raises foreign institutional investor quota by US$4.5b in March

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#1
Opening up the capital account bit by bit...

China raises foreign institutional investor quota by US$4.5b in March
31 Mar 2014 16:41
[BEIJING] China granted US$85.9 billion in fresh quotas to licensed overseas institutional investors in March, data released on Monday by the State Administration of Foreign Exchange (SAFE) showed.

A sum of US$53.6 billion was issued under the dollar-denominated Qualified Foreign Institutional Investor (QFII) programme, with 200.5 billion yuan (US$32.3 billion) issued under the Renminbi Qualified Foreign Institutional Investor (RQFII) programme.

Institutional investors need to apply for a licence from the securities regulator to seek investment quotas from the foreign exchange regulator. - Reuters

Source: Business Times Breaking News
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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