CSFB upbeat on China, applies for investor licence
(China) - Global investment bank Credit Suisse First Boston says it is optimistic on the future for China's equity markets and will apply for qualified foreign institutional investor (QFII) status.
China's new QFII scheme allows foreigners to trade A class shares and bonds which were previously only available to domestic investors.
CSFB has predicted 8 percent GDP growth for China this year, with 7.8 percent next year.
CSFB's Equity Capital Markets team has predicted that the flow of new Chinese equity to international investors could range from US$8 billion to US$12 billion in 2003, and much higher in 2004.
CSFB has predicted 8 percent GDP growth for China this year, with 7.8 percent next year.
CSFB's Equity Capital Markets team has predicted that the flow of new Chinese equity to international investors could range from US$8 billion to US$12 billion in 2003, and much higher in 2004.
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