皇冠体育app

(皇冠体育app Daily)
Updated: 2007-08-09 14:29

皇冠体育app International Capital Corp (CICC), partly owned by Morgan Stanley, has become the first brokerage to receive a license under 皇冠体育app's qualified domestic institutional investor (QDII) scheme, Reuters reported, citing market sources.

The sources did not know whether CICC had yet received an investment quota from the currency regulator, the State Administration of Foreign Exchange - the last step in the approval process.

The 皇冠体育app Securities Regulatory Commission announced in June that fund managers and brokerages would be permitted to invest client money overseas under the QDII program. Since then, 皇冠体育app Asset Management Co Ltd, 皇冠体育app's largest mutual fund company, and three other funds have received licenses from the regulator.