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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

China scraps QFII limit on sovereign funds

Posted on 17 December 2012

China scrapped a ceiling on investments by overseas sovereign wealth funds and central banks in its capital markets, part of government efforts to encourage long-term foreign ownership and shore up slumping equities.
SWFs, central banks and monetary authorities can now exceed the $1 billion limit that still applies to other qualified foreign institutional investors, according to revised regulations posted Dec. 14 on the State Administration of Foreign Exchange’s website………………………………..Full Article: Source


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