UPDATE 1-China permits its banks to invest in UK stocks http://www.reuters.com/article/fundsFundsNews/idUSL1728714120071217
Mon Dec 17, 2007
BEIJING, Dec 17 (Reuters) - China has signed an agreement with British authorities opening the door for Chinese banks to invest in UK stocks and mutual funds, the China Banking Regulatory Commission (CBRC) said on Monday. The memorandum of understanding allows Chinese banks to direct some of their clients' money to Britain through the Qualified Domestic Institutional Investor (QDII) programme. http://www.reuters.com/article/fundsFundsNews/idUSL1728714120071217