Are you sure?

Edmond de Rothschild invests $100 mln in Yuan shares

La Compagnie Financiere Edmond de Rothschild Banque won approval to invest $100 million in yuan-denominated shares and bonds, China's foreign-exchange regulator said in a statement today. Under China's so-called qualified foreign institutional investor program, investors with at least $10 billion in assets and $50 million to spend can apply to the securities and foreign-exchange regulators for a license and a quota to buy yuan shares and bonds. (Bloomberg)