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BEIJING (Reuters) - China has signed an agreement with British authorities opening the door for Chinese banks to invest in UK stocks and mutual funds, the China Banking Regulatory Commission (CBRC) said on Monday.
The memorandum of understanding allows Chinese banks to direct some of their clients' money to Britain through the Qualified Domestic Institutional Investor (QDII) programme.
Chinese banks have a total quota of about $16 billion (8 billion pounds) for investment abroad under QDII, a scheme launched by China last year to encourage capital flows out of the country and
Originally posted by bodrul
do we sell China any hardware from the UK
that the US would not sell?