-
China QFII quota edges up to 111.4 bln USD
China's dollar-denominated Qualified Foreign Institutional Investors (QFII) program saw its total quota rise to around 111.4 billion U.S. dollars by the end of October, according to the State Administration of Foreign Exchange. The quota in the RMB Qualified Foreign Institutional Investors (RQFII) program came in at 693.3 billion yuan (about 98.5 billion U.S. dollars) by the end of last month. China's currency, the yuan, is convertible for trade purposes under the current account, while the capital account, which covers portfolio investment and borrowing, is largely run by the state in an effort to manage capital ... (full story)