HSBC said yesterday it has gained an additional quota of US$500
million under the qualified domestic institutional investor from
the State Administration of Foreign Exchange.
The bank has gained a combined quota of US$1 billion, the most
among overseas banks so far, to help pool clients' yuan assets to
invest overseas. The bank has used up the first quota of US$500
million, which was approved in August 2006.
(Shanghai Daily November 7, 2007)
