China Travel & Tourism News
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Citigroup granted $150m additional investment quota
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| 01-Dec-2005 - Xinhua |
China has approved the Citigroup Global Markets Limited additional 150 million US dollars of investment quota in qualified financial institutional investment (QFII), China Securities Journal reported Thursday.
The company, a major player in international stock market, held the stocks of 58 listed companies in China's A-share market at the end of September this year.
The company now has a total investment quota of 550 million US dollars including the latest figure approved by the State Administration of Foreign Exchange (SAFE).
The SAFE approved quotas of 1.445 billion US dollars in November as against 50 million US dollars in September, following the decision of the State Council to raise the overall QFII trial quota from 4 billion US dollars to 10 billion US dollars.
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| 01-Dec-2005 - Xinhua |
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