REG - abrdn China Inv.Co. - QUALIFIED FOREIGN INVESTOR (QFI) LICENCE APPROVAL

abrdn China InvestmentAnnouncement

19/12/2022 07:00

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RNS Number : 0682K  abrdn China Investment Company Ltd.  19 December 2022

 

 19 December 2022

 

abrdn China Investment Company Limited

 

Legal Entity Identifier (LEI): 213800RIA1NX8DP4P938

 

 

APPROVAL FOR THE QUALIFIED FOREIGN INVESTOR (QFI) LICENCE

 

The Board of abrdn China Investment Company Limited (the "Company") is pleased
to announce that the Company has received regulatory approval for a Qualified
Foreign Investor (QFI) licence. The QFI licence is effective immediately.
The QFI scheme provides the Company with access to a broader investible
universe within Chinese equities, including access to stocks listed on the
STAR market, and at the same time grants the Company with more flexibility to
trade onshore equities approaching Foreign Ownership Limits under the Stock
Connect programme. The Portfolio Manager expects the funding drawn down on 15
December 2022 will be used to gain exposure to these markets and will continue
to apply the existing long-term quality investment philosophy in the QFI
allocation.

 

 

For further details, please contact:

 

Evan Bruce-Gardyne: 07720 073216

abrdn Fund Managers Limited

 

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