Six more companies have been granted QFII status by China’s Securities Regulatory Commission. One each from Hong Kong, Singapore and the UK joined three Korean firms.
For the first quarter of this year QFII A-share equity funds have been lifted by the bullish run of Chinese markets.
The firms granted the approval were; Korean institutions: Kyobo AXA Investment Managers Co, Meritz Asset Management Co, and Samsung Securities Co. The bureau also awarded RQFII licences to Allianz Global Investors Singapore, UK-based GAM International Management, and Prudence Investment Management (Hong Kong). The number of companies now under the RQFII program is up to 152.
