Today’s news release :
BEIJING (Dow Jones)–China’s domestic banks can invest their clients’ funds
in the U.S. stock market under an agreement with the U.S. Securities and
Exchange Commission, the China Banking Regulatory Commission said on its Web
The agreement marks a further expansion of China’s Qualified Domestic
Institutional Investor program, under which qualified financial institutions
are allowed to invest in overseas investment products.
China already allows banks to invest in Hong Kong, Japan, the U.K. and
Singapore under the scheme.
DJ China OKs Local Banks To Invest In US Stocks,Funds Under QDI
2008-04-07 04:28 (New York)
Copyright by Dow Jones Newswires
This news let markets POP …
The fact … even optimistic studies see only an inflow of ONE-DIGIT-billion-$-amounts in a year.
If that is the reason, the rallye will die rather sooner than later
Good for the PPT … so they can get rid of their stuff ahead of the earnings season