Spanish Bank Applies For QFII Investment
Banco Bilbao Vizcaya Argentaria, Spain's second-largest financial group, has applied to invest USD200m in China's capital market under the Qualified Foreign Institutional Investor (QFII) programme, Dow Jones reports. USD100m will be used to set up a mutual fund with Citic Securities in Hong Kong. The other half will be pledged for equity-based products in China. The Spanish bank also said it wants to invest USD520m to increase its stakes in two units of government-owned Citic Group.
.HK and .CN Web Sites Top Security Threats
According to a study by anti-virus company McAfee, web sites hosted
with Hong Kong and China domains are more likely to pose a security
threat than domains from other countries. The study found that 19 per
cent of all Hong Kong domains (.hk) pose "some kind of security threat"
and that 12 per cent of all Chinese domains (.cn) are posing risks.
McAfee said the reason for Hong Kong's top position is due to "changes
in the rules for registering domain names," The LA Times reports.
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