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China has approved the Citigroup Global Markets Limited additional US$150 million of investment quota in qualified financial institutional investment (QFII), China Securities Journal reported Thursday.
The company, a major player in international stock market, held the stocks of 58 listed companies in China's A-share market at the end of September this year.
The company now has a total investment quota of US$550 million including the latest figure approved by the State Administration of Foreign Exchange (SAFE).
The SAFE approved quotas of US$1.445 billion in November as against US$50 million in September, following the decision of the State Council to raise the overall QFII trial quota from US$4 billion to US$10 billion.
(Xinhua News Agency December 1, 2005)
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