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.
(Xinhua News Agency July 30, 2003)
