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BEIJING/HONG KONG, Feb 28 (Reuters) - China granted $3
billion in fresh quotas to licensed overseas institutional
investors in February, data released on Friday by the State
Administration of Foreign Exchange (SAFE) showed.
A sum of $900 million was issued under the
dollar-denominated Qualified Foreign Institutional Investor
(QFII) programme, with 12.6 billion yuan ($2.06 billion) issued
under the Renminbi Qualified Foreign Institutional Investor
(RQFII) programme.
Institutional investors need to apply for a licence from the
securities regulator to seek investment quotas from the foreign
exchange regulator.
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For a graphic on China's QFII approvals, click:
http://link.reuters.com/fyp24v
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($1=6.1284 Chinese yuan)
(Reporting by Xiaoyi Shao in BEIJING and Clement Tan in HONG
KONG; Editing by Clarence Fernandez)
((clement.tan@thomsonreuters.com)(+852 2843-6392)(Reuters
Messaging: clement.tan.thomsonreuters.com@reuters.net))
Keywords: CHINA INVESTMENT/QFII