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Last updated at: (Beijing Time) Wednesday, July 30, 2003

Goldman Sachs Granted QFII Investment Line of US$50mn

China's State Administration of Foreign Exchange (SAFE) announced Tuesday that it has granted an investment line of 50 million US dollars to Goldman Sachs & Co. as a qualified foreign institutional investor (QFII).


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China's State Administration of Foreign Exchange (SAFE) announced Tuesday that it has granted an investment line of 50 million US dollars to Goldman Sachs & Co. as a qualified foreign institutional investor (QFII).

SAFE also announced that it had ratified Morgan Stanley & Co., International Ltd to open a QFII RMB account in the Shanghai Branch of HSBC.

Morgan Stanley & Co, International Ltd was granted a QFII investment line of 300 million dollars earlier this month.


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