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GE gets US$200m QFII quota

(皇冠体育app Daily)
Updated: 2007-01-30 09:50

GE Asset Management Incorporated, a global investment firm with some US$198 billion in assets under management, yesterday announced that it had won a US$200 million investment quota by 皇冠体育app's State Administration of Foreign Exchange.

The company received a business license and designation as a qualified foreign institutional investor (QFII)last summer. The quota provides the company with access to 皇冠体育app's A-share equity market.