Cathay, Comgest and Fuh Hwa obtain QFII licences

Following their approval this week as qualified foreign institutional investors, Cathay Securities Investment Trust (Site) and Fuh Hwa Site plan to invest the QFII quotas on behalf of their China-focused and international equity funds. The two Taiwanese firms are now awaiting the outcome of their application to China's State Administration of Foreign Exchange (Safe) for QFII quotas – Cathay for $100 million and Fuh Hwa for $150 million. French asset manager Comgest also received…