Barclays joins QFII line up

London-based Barclays Bank has won approval to invest US$75 million in China's renminbi-denominated A-share and debt markets under the Qualified Foreign Institutional Investor scheme (QFII), Reuters reported. The approval brings to 20 the total number of QFIIs known to have secured quotas to invest in China's US$500 billion stock market. Seven other overseas institutions have won approval to invest but have yet to secure quotas.