Wednesday, April 9, 2008

Excellent News. Chinese Banks to invest in US Securities.

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.

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