Daily economic round-upBY PETER BELL | MONDAY, 28 AUG 2006 12:32PMChina has continued to lower the requirements for international investors wanting to access its so-called A grade stockmarkets in Shanghai and Shenzhen. The current level of foreign investment is presently $10 billion. Qualified Foreign Investors Status(QFII) has been relaxed so that, for instance, in the case of insurance companies, they must exist for five years before they are eligible for QFII as opposed to 30 years as was the existing requirement. AMP is the only Australian company to have reached this status. |
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Brian Redican
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