Morgan Stanley Granted QFII Investment Line of US$300 Million

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Last updated at: (Beijing Time) Friday, July 04, 2003

Morgan Stanley Granted QFII Investment Line of US$300 Million

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The China State Administration of Foreign Exchange (SAFE) announced Thursday that it has extended a investment line of 300 million US dollars 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 300 million dollars; Nomura Securities Co. Ltd with 50 million dollars; and Citigroup Global Markets Limited with 75 million dollars.

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