May 9, 2018 / 9:21 AM / 5 months ago

China to grant Japan 200 bln yuan investment quota - Xinhua

BEIJING, May 9 (Reuters) - China has agreed to grant Japan a quota of 200 billion yuan ($31.4 billion) under the Renminbi Qualified Foreign Institutional Investors (RQFII) scheme, the Xinhua official news agency quoted Chinese Premier Li Keqiang as saying on Wednesday.

China resumed a key outbound investment scheme in late April, granting qualified domestic financial institutions fresh quotas to buy overseas stocks and bonds for the first time since early 2015. ($1 = 6.3728 Chinese yuan) (Reporting by Beijing Monitoring Desk Editing by Jacqueline Wong)

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