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China forex regulator approves new QFII, RQFII quotas
China's forex regulator said Monday that a total of 4.2 billion U.S. dollars of quotas were approved for nine Qualified Foreign Institutional Investors (QFII) in April. The State Administration of Foreign Exchange (SAFE) also approved 9.7 billion yuan (1.43 billion U.S. dollars) of quotas for five Renminbi Qualified Foreign Institutional Investors (RQFII) last month. Up till now, the country has approved 4.74 billion U.S. dollars of quotas for 13 QFII investors this year, exceeding the total quota in 2018. China approved 24 billion U.S. dollars of quotas for 12 RQFII investors during the first four months, more than ... (full story)