China Grants Seven QFII Licenses in January 2012

David Nealis President of Blue Bridge at Shanghai Exchange

The China Securities Regulatory Commission (CSRC) granted Qualified Foreign Institutional Investors (QFII) licenses to seven investors including the South Korea's National Pension Service and Shinhan BNP Paribas Asset Management Co Ltd. China launched the QFII scheme in 2003 to allow foreign investors to buy Chinese stocks and bonds and has so far granted 142 QFII licenses and US$22.24 billion in combined investment quotas, which isn’t that large of an amount considering China is the world’s second largest economy.