Julius Baer only private bank with QFII license; quota set at US$ 100 million

25 May 2011 | 2 minutes read

Julius Baer has announced that it has been granted a quota of USD 100 million under its QFII license by the State Administration of Foreign Exchange in China (SAFE). The private bank was awarded a QFII license by the China Banking Regulatory Commission (CSRC) in December 2010 and is still the only private bank to hold one, allowing its clients…

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