Two more banks in stock market


  • Business
  • Wednesday, 11 Jun 2003

MORGAN Stanley Co International Ltd and Citigroup Global Transaction Services of the United States became the first foreign investors to be granted the Qualified Foreign Institutional Investors (QFII) status on the Chinese stock market, authorities said on Sunday.  

The China Securities Regulatory Commission announced that Morgan Stanley and Citigroup had been granted authorisation to invest in the stock market.  

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