SAFE grants Baring Assets and other two QFIIs a total of USD 400 million (VC 257)

China ’s State Administration of Foreign Exchange announced last week that it will give two qualified foreign institutional investors (QFIIs) an investment quota of US $ 400 million in February. This is the first time China has issued QFII investment quotas. SAFE announced that on February 10, 2010, Baring Asset Management Co., Ltd. was granted a USD 200 million QFII investment quota, while Anshi Investment Management Co., Ltd. was granted a USD 200 million investment quota.

The date when the SAFE issued the investment quota was December 31, 2009.

Including the newly issued US $ 400 million quota, as of the end of March 2010, the SAFE had issued a total of US $ 17.07 billion investment quota to 88 QFIIs.

Baring Asset Management Co., Ltd. obtained QFII qualification in August 2009, while Anshi Investment Management Co., Ltd. obtained QFII qualification in September 2009.

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