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| Friday, October 10, 2008 21:04:05 |
QDII quotas reach $42bn
The total investment quota allowed under China's Qualified Domestic Institutional Investor (QDII) scheme was US$42.2 billion at the end of September, Beijing Business Today reported. Li Dongrong, vice director of the State Administration of Foreign Exchange (SAFE), released the figure at a seminar on China's overseas investment program in Shanghai. The scheme allows financial institutions to raise cash in yuan or foreign currencies ...
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