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Commission Approves Five QFII in May
Jun 19,2013 10:31CST
industry news
Source:SMM
Five institutional investors obtained approval from the China Securities Regulatory Commission in May to operate under the Qualified Foreign Institutional Investors program.

Updated: 2013-06-18 (chinadaily.com.cn) - Five institutional investors obtained approval from the China Securities Regulatory Commission in May to operate under the Qualified Foreign Institutional Investors program, according to the commission.

Four of the five are Hong Kong subsidiaries of Chinese enterprises.

By the end of May, the total number of QFII reached 225.

The State Administration of Foreign Exchange approved a $1.34 billion quota for QFII in May, a surge from $137 million in April.

By the end of May, the SAFE approved a combined quota of $42.6 billion for 202 QFII.
 

QFII approval in China in May

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