CSRC approved 41 QFII this year

The China Securities Regulatory Commission approved 41 new qualified?overseas institutional investors so far this year, accounting for 23 percent of the total QFII for the last 10 years.

According to the CSRC, the last four approved institutions were from the United States, Hong Kong and Taiwan.

The number of approved QFII in 2011 was 29, while it was 23 in 2010 and 19 in 2009.

At the beginning of the month, CSRC officials said the commission will speed up the QFII examination and approval process.

In July, the CSRC also implemented rules to make the approval process more flexible.