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Article: FINANCIAL INSTITUTIONS SCRAMBLED FOR QDII QUOTA

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AsiaInfo Services
Article date:
November 13, 2009
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AsiaInfo Services
11-13-2009
Financial Institutions Scrambled for QDII Quota

SHANGHAI, Nov 13, 2009 (SinoCast Daily Business Beat via COMTEX) -- Besides fund firms, securities firms and banks scrambled for quota for qualified domestic institutional investor (QDII).

Some securities firms are active to talk with the State Administration of Foreign Exchange, in spite of that they have not gained approval on the release of new QDII products.

Huatai Securities Co., Ltd. has finished the design of QDII products and can report the design at any moment, disclosed a person taking charge of its assets management unit.

Haitong Securities, Everbright Securities, and Orient Securities also showed that ...

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