Safe slashes QFII licence activity

May 19, 2013

China's State Administration of Foreign Exchange awarded $150 million in QFII quota in April, the lowest in almost two years. Analysts expect this trend to continue.

China’s State Administration of Foreign Exchange (Safe) awarded total qualified foreign institutional investor (QFII) quota of just $150 million in April, the lowest monthly amount in almost two years, amid worries over hot money flows.

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