SAFE POSTS TWO NEW QFIIS' INVESTMENT QUOTAS
AsiaInfo Services, September, 2004
AsiaInfo Services 09-28-2004 SAFE Posts Two New QFIIs' Investment Quotas BEIJING, Sep 28, 2004 (SinoCast via COMTEX) -- The State Administration of Foreign Exchange of China (SAFE) announced the investment quotas of France-based Societe Generale and Holland-based ABN AMRO Bank NV respectively on September 23, 2004.
The two investment banks attained the QFII licenses from the China Securities Regulatory Commission *CSRC) at the beginning of September. In particular, Societe Generale got an investment quota of USD 50 million while ABN AMRO Bank NV got a quota reaching USD 75 million from SAFE. Impressively, SAFE, the country's foreign exchange income and expenditure regulator, just approval two present QFIIs to increase their investment quotas at the start of...
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