Monday September 19 2016

News Source: Global Exchanges

Focus: Short Selling

Type: General




According to a document published by the People`s Bank of China (PBOC) and State Administration of Foreign Exchange (SAFE), foreign investors in the country`s Renminbi Qualified Foreign Institutional Investor (RQFII) program will be granted quota limits based on their aggregate assets. Previously, the RQFII quota was subject to approval from financial regulators. Institutions will still have to apply for extra investment quotas, with sovereign wealth funds and central banks exempt from such restrictions

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