BNP gets QFII US$75m quota
4 November 2004
BNP Paribas of France received approval from the State Administration of Foreign Exchange to invest US$75 million in yuan-denominated shares and bonds, according to SAFE's official web site. With BNP's entry into the arena, the total amount foreign institutions can invest under China's qualified foreign institutional investor (QFII) program rises to US$3bn.
