BEIJING (Reuters) - China's foreign exchange regulator said on Monday it has approved 13 qualified foreign institutional investors so far this year with a combined quota of $4.74 billion.
The State Administration of Foreign Exchange (SAFE) has approved 12 yuan-denominated qualified foreign institutional investors so far this year with a combined quota of $24 billion, the regulator said in a statement on its website.
SAFE said it will actively support the further opening of China's financial markets to attract more long-term foreign investment.