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Newest QFII licenses named
By Bi Xiaoning (chinadaily.com.cn)
Updated: 2009-03-10 13:38 Three institutions got licenses of the Qualified Foreign Institutional Investor (QFII) in February, bringing the total QFII number to 79.
In 2008, about 24 institutions got the qualification of QFII, marking the busiest year since the QFII scheme was implemented in 2003. Industry analysts said more QFII approvals could make a greater impact on the A-shares market. Earlier, Yuan Shuqin, head of China equities at UBS, said the CSRC was dealing with about 100 QFII applications. (For more biz stories, please visit Industries)
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