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The State Administration of Foreign...........>

CHINA
CHINA: The State Administration of Foreign Exchange (SAFE) approved a net $500
million worth of investment quotas under the Qualified Foreign Institutional
Investor (QFII) program in July, according to Market News International
calculations based on SAFE numbers released Monday. The figure was much higher
than the $50 million approved in June. SAFE did not approve new investment
quotas under its Qualified Domestic Institutional Investor (QDII) program for
the 20th consecutive month. As of the end of July, QDII quotas stood at $89.99
billion. SAFE also approved a net CNY5.14 billon worth of investment quotas
under the Renminbi-QFII (RQFII) in July.

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