[lbo-talk] Lehman Brothers gain QFII license in China

uvj at vsnl.com uvj at vsnl.com
Mon Jul 12 08:44:44 PDT 2004


People's Daily Online

Business

UPDATED: 15:19, July 09, 2004

Lehman Brothers gain QFII license

China Securities Regulatory Commission has granted Lehman Brothers International (Europe) status of Qualified Foreign Institutional Investors (QFII), Security Times reports. So far 16 foreign institutions have gained QFII license in China. Their total investment in China reaches 1.775 bln USDs.

The Lehman Brothers International (Europe) is the fourth foreign institution to get QFII license from China Securities Regulatory Commission this year. The other three institutions are Merrill Lynch International Inc., Hang Seng Bank and Daiwa Securities SMBC.

Source: People's Daily Online

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