Speedy approvals for QFII in first 4 months
Source: Xinhua |
May 10, 2012, Thursday
|
Print Edition
Print Edition
CHINA sped up approvals for qualified foreign institutional investors during the first four months of this year, official statistics showed yesterday.
China granted QFII status to 28 overseas companies from January to April, according to data from the China Securities Regulatory Commission.
Five QFIIs were approved in April, bringing the number of QFIIs in China to 163, the data showed.
Meanwhile, a CSRC official said more measures will be taken to facilitate long-term QFII investment in the Chinese market, the China Securities Journal reported yesterday.
Wang Lin, director of the CSRC fund supervision department, said investors such as pension and provident funds will be given priority in approval.
China granted QFII status to 28 overseas companies from January to April, according to data from the China Securities Regulatory Commission.
Five QFIIs were approved in April, bringing the number of QFIIs in China to 163, the data showed.
Meanwhile, a CSRC official said more measures will be taken to facilitate long-term QFII investment in the Chinese market, the China Securities Journal reported yesterday.
Wang Lin, director of the CSRC fund supervision department, said investors such as pension and provident funds will be given priority in approval.
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