Investors Apply for $11.1 Billion Quota Under QFII, Journal Says

At least 30 institutional investors from the U.S., Canada and Europe plan to apply for a license or additional quotas to invest in Chinese stocks, the China Securities Journal reported, citing the securities regulator. *These investors will ask for a total investment quota of about $11.1 billion under the nation’s qualified foreign institutional investors program, the report said. *Separately, Abu Dhabi Investment Authority wants to boost its investment to $1 billion, while Kuwait Investment Authority hopes to exceed the $1 billion investment cap, according to the report.

— With assistance by Jun Luo

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