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Deutsche Bank Enters Domestic Securities Market as 6th QFII

Deutsche Bank, a leading international investment bank, has been granted the license of Qualified Foreign Investment Institution (QFII) by China's securities authority.


As the sixth QFII in China, Deutsche Bank is allowed to engage in the securities business on the A-share market, China's domesticsecurities market, the China Securities Regulatory Commission (CSRC) announced  Sunday.


The CSRC had previously given the green light to five international investment institutions, which are UBS Warburg, Normura Securities, Morgan Stanley & Co, International Ltd, Goldman Sachs & Co., and Citigroup Global Markets Limited.


A total investment line of 775 million US dollars has been granted to the five QFIIs, according to the information from China's State Administration of Foreign Exchange.

(Xinhua News Agency August 4, 2003)

Goldman Sachs Granted QFII Investment Line of US$50 Million
UBS Buys into Chinese Stock Market
Morgan Stanley Granted QFII Investment Line of US$300 Million
Two More Foreign Banks Gain Access to China's Stock Market
Unlocking Securities Market
Central Bank Approves Three QFII Custodians
Zhou Xiaochuan on Capital Investment
Detailed Rules on Securities Investments Issued
Regulation to Govern Foreign Investors
QFII Refreshes Capital Market: Goldman Sachs
Foreign Investors Can Trade A Shares
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