Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  TAIWAN STOCK EXCHANGE  >  Cathay Financial Holding Co., Ltd.    2882   TW0002882008

SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Cathay Financial Holding Co., Ltd. : Cathay Financial : China Grants Life Insurance Unit QFII License

03/01/2012 | 05:33am US/Eastern

Cathay Financial Holding Co. (2882.TW) said Thursday that China has granted its life-insurance unit a qualified foreign institutional investor license, which will allow it to invest in yuan-denominated stocks and bonds in China.

The unit will need to seek separate approval from China for an investment quota under the QFII license.

Cathay Financial's asset-management unit secured a quota of US$100 million as a QFII investor in December.

-By Aries Poon, Dow Jones Newswires; 886-2-25022557; aries.poon@dowjones.com

React to this article
Latest news on CATHAY FINANCIAL HOLDING C
01/19 A $59 trillion tailwind spurs governance changes in Asia firms
2015 INTEL : Other Events, Financial Statements and Exhibits (form 8-K)
2015 Taiwan's Cathay United Bank latest foreign entrant in Philippines
2015 CATHAY FINANCIAL : adjusts GDP downwards to 1.7 percent
2015 CATHAY FINANCIAL : Ant Financial Acquires 60% Of Cathay Century Insurance For $1..
2015DJALIBABA : Affiliate Invests in China Insurance Unit of Cathay Financial
2015DJALIBABA : Affiliate Ant Financial Invests for 60% Stake of China Unit of Taiwan'..
2015 INTEL : Other Events, Financial Statements and Exhibits (form 8-K)
2015 CATHAY FINANCIAL HOLDING CO., LTD. : ex-dividend day for annual dividend
2015 CATHAY FINANCIAL : Sentiment toward stock market falls to 20-month low: survey
Advertisement
Income Statement Evolution
More Financials