Quota boost
Source: Bloomberg News |
June 15, 2012, Friday
|
Print Edition
Print Edition
TEMASEK Holdings Pte, which holds stakes in China's biggest banks, said it filed an application to boost its quota for publicly traded securities in mainland exchanges to tap the nation's long-term growth.
The Singapore state-owned investment company is seeking to boost allocations via the qualified foreign institutional investor, or QFII, program, it said. Only approved institutional investors can buy or sell yuan-denominated securities under the QFII program.
Temasek, which managed S$193 billion (US$151 billion) as of March 2011, filed the latest application after the China Securities Regulatory Commission said in April it would more than double the amount that overseas institutional investors are allowed to invest in Chinese securities to US$80 billion.
The Singapore state-owned investment company is seeking to boost allocations via the qualified foreign institutional investor, or QFII, program, it said. Only approved institutional investors can buy or sell yuan-denominated securities under the QFII program.
Temasek, which managed S$193 billion (US$151 billion) as of March 2011, filed the latest application after the China Securities Regulatory Commission said in April it would more than double the amount that overseas institutional investors are allowed to invest in Chinese securities to US$80 billion.
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