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Dutch Bank ING Wins QFII Qualification

Dutch bank ING has won approval from the China Securities Regulatory Commission to become the eighth qualified foreign institutional investor (QFII) in China.

According to relevant regulations, ING still needs to apply for a QFII investment line from China's State Administration of Foreign Exchange (SAFE).

Foreign companies must obtain QFII status to invest on China's stock market, which is gradually opening to foreign investment.

The first seven foreign companies that have won QFII status in China include Citigroup Global Markets Ltd., Morgan Stanley and Co, International Ltd. and Goldman Sachs and Co. Some of them have begun investment activities on China's stock market.

(Xinhua News Agency September 17, 2003)

HSBC Authorized to Invest in China's Securities Market
Deutsche Bank Enters Domestic Securities Market as 6th QFII
Goldman Sachs Granted QFII Investment Line of US$50 Million
UBS Buys into Chinese Stock Market
Morgan Stanley Granted QFII Investment Line of US$300 Million
Two More Foreign Banks Gain Access to China's Stock Market
Overseas Institutional Investors Enthuse About China's A Share
Unlocking Securities Market
Central Bank Approves Three QFII Custodians
Detailed Rules on Securities Investments Issued
QFII Sparks Financial Clamor
New Rule Released to Govern Foreign Investors
Foreign Investors Can Trade A Shares
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