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QDII quotas reach $42bn
By STAFF EDITOR
Published: November 05, 2007 12:00 PM
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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