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Sunday, Nov 11
2012, 4:12 AM
China intends to raise the quota on its Renminbi Qualified Foreign Institutional Investor...
China intends to raise the quota on its Renminbi Qualified Foreign Institutional Investor (RQFII) scheme - which allows overseas investors to use offshore yuan to buy mainland securities - by 200B yuan ($32B) from 70B yuan. China will also increase the cap on a dollar-denominated program if the 80B yuan limit is reached. The RQFII move come as foreign-direct investment in China falls