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| QFII earns 20 bln yuan from China in three years |
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| www.chinaview.cn
2006-09-25 16:49:07
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BEIJING, Sept. 25 (Xinhua) -- Qualified foreign institutional investors
(QFIIs) earned more than 20 billion yuan (2.5 billion U.S. dollars) in China in
the past three years, said Sun Jie, an official with the China Securities
Regulatory Commission.
By August, the QFIIs had invested 55.4 billion yuan (6.93 billion U.S.
dollars) in China, while their combined assets had risen to 75.5 billion yuan
(9.44 billion U.S. dollar), said Sun.
China has awarded investment quotas totaling 7.84 billion U.S. dollars to
48 QFIIs since 2003 when it began to allow overseas institutional investors,
such as the UBS, Deutsche Bank, and Citigroup Global Markets Limited, to enter
the Chinese capital market.
Regulators have promised to increase the quotas to 10 billion U.S. dollars,
and have granted QFII status to new overseas investors every month this year.
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