China removes QFII cap on sovereigns, central banks
China's State Administration of Foreign Exchange (SAFE) has removed the $1 billion limit on quotas for sovereign wealth funds, central banks and monetary authorities under the Qualified Institutional Investor (QFII) program.
In May, the Chinese government was said to be in favor of providing larger quotas to long-term investors and would consider lowering the capital threshold for applicants. At that time, the maximum for...
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