The China State Administration of Foreign Exchange (SAFE) announced Thursday that it has extended a investment line of US$300 million to Morgan Stanley & International Limited as a qualified foreign institutional investor (QFII).
Morgan Stanley is the fourth QFII to receive a line of investment in China, following the UBS Limited with US$300 million; Nomura Securities Co. Ltd with US$50 million; and Citigroup Global Markets Limited with US$75 million.
(Xinhua News Agency July 4, 2003)
