Gates foundation receives US$100 million quota

The Bill & Melinda Gates Foundation, a newly admitted member of China's Qualified Foreign Institutional Investor circle, was assigned a US$100 million quota to invest in China bonds and A-share equities. The green light was given by the mainland's foreign-exchange regulator. The US$27 billion foundation is the first non-bank to be be cleared for the program. China hopes the high-profile joiner will attract more foundations to China's persistently down-sliding yuan-denominated A-share market.