CSRC delivers QFII status to eight more firms
14 September 2012
News, Asia, China
The China Securities Regulatory Commission (CSRC) announced on Wednesday (September 12) that it awarded qualified foreign institutional investor (QFII) status to a further eight companies in August, boosting the total number of QFII institutions to 181.
Among the latest round of QFII license holders are: Hall Lovell Capital, the University of Texas System Board of Directors, Taiwan Nan Shan Life Insurance, SUVA Swiss National Work Injury Insurance Institutions, Canada British Columbia Investment Management Committee, Value Partners Hong Kong, Ontario Pension Board and American Church Pension Fund.
Meanwhile, the State Administration of Foreign Exchange (SAFE) has stepped up on QFII quota approvals. Up to the end of August, the authority had granted a total of US$29.8 billion in quotas to 152 QFII participants.
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