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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World China raises foreign fund limits to one bln dlrs AFP - Monday, October 12 Send IM Story Print China raises foreign fund limits to one bln dlrs SHANGHAI (AFP) - – China's foreign exchange regulator said it had raised the limits on securities investment by foreign institutions to one billion dollars from 800 million dollars starting Monday. The rules, which govern the Qualified Foreign Institutional Investor, or QFII programme, were published on the State Administration of Foreign Exchange website over the weekend. The QFII programme, launched in 2003, is the main way for foreign institutions to invest in yuan-denominated equities in China, where the authorities keep strict control over capital flows. The new rules are aimed at "attracting mid- and long-term investments," the foreign exchange watchdog said. The agency also slashed the lockup period on investments made by qualified foreign pension funds, insurance companies, and mutual funds down to three months from one year previously. China agreed in talks with the United States in late 2007 to raise the QFII ceiling for the combined quotas to 30 billion dollars from 10 billion dollars, but total approvals so far were about half that amount at 15 billion. Recommend Send IM Story Print Related Articles Obama: Consensus and obstructionism on health care AP - Sunday, October 11 Qatar fund boosts stake in London property company AP - Sunday, October 11 Airbus confident A400M to fly by year-end Reuters - Sunday, October 11 Investors to companies: Show us higher sales AP - Sunday, October 11 Airlines set new fuel efficiency goals: IATA Reuters - Sunday, October 11 News Search Top Stories Boyzone singer Gately dies in Spain Russian economy to shrink 7.5% in 2009: Medvedev First clown in space lands back on Earth Opel rescue dogged by European divisions Airlines set own emission targets More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Boyzone singer Gately dies in Spain NASA bombs the moon's surface in search of water First clown in space lands back on Earth Obama slams big business on credit reforms NASA blasts moon with rocket in search for water More Most Viewed » Oldest hominid skeleton sheds light on human origins More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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