Credit Suisse First Boston (CSFB), Standard Chartered Bank and Nikko Asset Management all won approval from China's securities regulator to buy RMB-denominated shares and bonds under the qualified foreign institutional investor (QFII) scheme.
CSFB became the tenth foreign investment bank to secure a QFII license when it was granted a US$50 billion quota, bringing the total amount that overseas investors were allowed to invest to US$1.65 billion. The approval of Nikko and Standard Chartered brought the number of QFII investors to 12 but their allotted quotas were not disclosed immediately.
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