HSBC wins expanded QDII quota

Banking, Finance and Insurance

Thursday, October 16, 2008 00:34:46

	HSBC wins expanded QDII quota By STAFF EDITOR Published: November 07, 2007 12:00 PM HSBC said Tuesday that it has gained an additional US$500 million Qualified Domestic Institutional Investor (QDII) quota from China’s State Administration of Foreign Exchange (SAFE), the Shanghai Business Journal reported. The bank is now entitled to invest US$1 billion of its clients’ assets overseas, ... You are currently reading 48 words of 146 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: investment , foreign exchange , Beijing , HSBC , QDII	More Articles in Banking, Finance and Insurance > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > China’s pension fund to invest more aggressively 7 large Chinese banks have US$722m Lehman exposure ICBC online banking attracts 50m users Financial innovation urged for China’s shipbuilding industry Desire to invest in stocks, real estate hits 10-year low CCB opens private banking in Guangdong 40% of Chinese private firms target overseas expansion: HSBC

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