abrdn China Investment Company Ltd. QUALIFIED FOREIGN INVESTOR (QFI) LICENCE APPROVAL (0682K)
December 19 2022 - 2:00AM
UK Regulatory
TIDMACIC
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
REAGPGMUPUPPGRQ
(END) Dow Jones Newswires
December 19, 2022 02:00 ET (07:00 GMT)
Abrdn China Investment (LSE:ACIC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Abrdn China Investment (LSE:ACIC)
Historical Stock Chart
From Jul 2023 to Jul 2024