China's Qualified Foreign Institutional Investors (QFII) program

  • Said to be doubled to 300 bn USD

QFII encourages capital flow into China from overseas investors.

The program is administered by State Administration of Foreign Exchange (SAFE)

All the newly permitted foreign investors will be pleased to know how much the yuan has strengthened in the past couple of weeks Nothing suspicious though ;-)

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The ugly news out of China today though has been on trade: