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BlackRock, Amundi Get China’s QFII License
The China Securities Regulatory Commission has granted qualified foreign institutional investor licenses to BlackRock and Amundi.
TheChina Securities Regulatory Commission(CSRC) has granted qualified foreign institutional investor (QFII) licenses toBlackRockandAmundi,Reutersreports. The respective subsidiaries,贝莱德机构信托公司andAmundi Hong Kong, will now be able to invest in China’s capital markets.
The firms still require investment quotas from China’s foreign currency regulator before they can start buying Chinese stocks and bonds. The CSRC granted a combined quota of $20.7 billion to QFII investors by the end of April to invest in China’s capital markets. With the recent addition, the total number of QFII investors has increased to 115, which includeAberdeen Asset ManagementandTempleton Asset Management.
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