China Permits U.S. Investments
Chinese banks will be allowed to invest their clients' money in U.S.-traded stocks and mutual funds, China's banking regulator said after signing an agreement with SEC regulators. While China has been a major buyer of U.S. Treasuries, Beijing has had strict limits on foreign investing. Analysts expect Chinese investors will slowly, but steadily, begin trading in U.S. stocks.
Here's another link that describes this process.
Wednesday, April 9, 2008
Excellent News. Chinese Banks to invest in US Securities.
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