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QFII investments set to soar
By Bi Xiaoning (chinadaily.com.cn)
Updated: 2009-02-24 15:48 The investment amount for qualified foreign institutional investors (QFII) is expected to touch $30 billion by 2014, with annual injections of around $2.8 billion, Orient Morning Post reported on Tuesday, citing reports from Shanghai-based consulting company Z-Ben Advisors. Chinese regulators expected to favor overseas investment management companies focusing on Chinese enterprises and investors, as they do not have a good impression on the ones that sell their quota to other institutions, the report said. Over 100 overseas institutions are believed to have sought QFII licenses amid the global economic crisis. (For more biz stories, please visit Industries)
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