GUANGZHOU (Fund China) – HSBC (China) has been approved China State Administration of Foreign Exchange, the QDII project to purchase foreign exchange under the new investment amount 500 million US dollars. This is the second time for HSBC China approved QDII quotas, and thus become the first approved increase in the amount of foreign exchange purchased by foreign capital banks.

Personal Finance for HSBC China Business Director Huo Ailing said that with the increase in the amount QDII investment, HSBC China will launch more QDII products, a wider selection of the overseas funds to increase investment diversity. One of the latest HSBC China will soon QDII products in the mainland 15 cities available for sale were linked to 10 by HSBC selection of different types of overseas funds.

Coupled with the latest approved 500 million US dollars amount, HSBC China share a 1 billion US dollars QDII amount is so far the highest level of access to foreign capital banks.

Copyright Fund China 2009.

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