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China close to announcing list of licensed mini-QFII firms

September 20, 2011  

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China is close to announcing the list of asset management firms approved by the CSRC to launch offshore mini-QFII funds. The program will have an initial quota of around CNY20-25 billion (US$3.13 – 3.91 billion) to be sub-divided among the qualifying firms.

China’s CICI Asset Management is among those approved to launch...

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