China Speeds Up Approvals of Foreigners’ Stock Investment
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China accelerated approval of quotas allowing foreign investors to buy mainland securities as the nation’s benchmark stock index traded near a three-year low.
The government granted $9.2 billion quotas to qualified foreign institutional investors from Jan. 1 to Sept. 19, according to State Administration of Foreign Exchange statement published on its website yesterday. The government had approved a combined $30.8 billion in quotas as of Sept. 19 since the start of the program, according to the statement.