US stocks opened to QDII funds

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Friday, September 05, 2008 23:45:44

	US stocks opened to QDII funds By STAFF EDITOR Published: April 08, 2008 05:11 PM The China Banking Regulatory Commission and its US counterpart have come to an agreement to allow Chinese commercial banks to invest their clients’ savings in US stocks and mutual funds through the qualified domestic institutional investors (QDII) scheme, the China Securities Journal reported. The mutual funds must be approved by the US Securities and Exchange Commission. ... You are currently reading 58 words of 177 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: China Banking , China Securities Journal , japan , QDII	More Articles in Stock Markets > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > SPDB bank to raise US$3.5b on share offer QDII banks likely to access US and EU stock markets next year Citic Securities’ 1H profit down 5.65% to US$96m IPO fundraising stagnates in first half: PwC Saving the market would be saving China’s economy Petrochina heads 44 Chinese firms among world's 500 largest P&G to offer offshore stock options to mainland staff

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