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October 12, 2009

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Overseas Share Limit Raised

CHINA has raised the limit on purchases of local shares by overseas investors by 25 percent to US$1 billion, the government said.
The quota for share purchases by designated Qualified Foreign Institutional Investors used to be US$800 million, the State Administration of Foreign Exchange said in a statement over the weekend.
Overseas companies are barred from listing on China's markets, and foreign investors can only buy limited quantities of yuan-denominated A shares through QFII.


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