CITIC Shares Spike After Nod For Overseas Investment
600030.SH, CICC, CITIC, CITIC Securities Company Limited, CSRC, China International Capital Corp, China Merchants Securities Co., China Securities Regulatory Commission, QDII, Qualified Domestic Institutional Investor
Posted by:
Li Jun on Oct 16, 2007 | 18:10
Editorial Summary
Shares of CITIC Securities Company Limited (600030.SH) rose 6.27 percent to close at 112.65 Yuan on Tuesday following the company's announcement yesterday that it had gained a Qualified Domestic Institutional Investor (QDII) license from the China Securities Regulatory Commission (CSRC).
The approval makes CITIC Securities the third Chinese mainland broker to win a license under the QDII program. China's securities industry watchdog CSRC has granted similar licenses to China International Capital Corp. (CICC) and China Merchants Securities Co.
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