CSFB APPLIES FOR INCREASING QFII QUOTA
AsiaInfo Services, November, 2005
AsiaInfo Services 11-04-2005 CSFB Applies for Increasing QFII Quota BEIJING, Nov 04, 2005 (SinoCast via COMTEX) -- Credit Suisse First Boston (CSFB), a global investment bank, is applying for an additional amount for its initial QFII quota of USD 150 million, revealed Zhang Liping, head of CSFB's China operation. The application could gain approval at any time, said Mr.
Zhang. He also said that CSFB was looking for securities partners in China. There was news that several investment banks were bidding for stakes of Xiangcai Securities Co., Ltd., including CSFB, Citigroup, and Hong Kong Banking Corporation. Mr. Zhang also noted that the investment bank preferred basic activities and financial institutions as investment targets. He said that they did not...
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