From the Associated Press via the Boston Globe (link)
The Chinese government has authorized Yale University to trade domestic stocks and bonds, making it the first foreign university granted access to the country’s tightly restricted securities market.
The approval, announced this week in the state-run Shanghai Daily and confirmed Wednesday by the university, allows Yale’s endowment investors to tap one of the world’s fastest growing economies.
It also underscores the increasingly tight-knit relationship between China and the prestigious American university, a relationship marked by Chinese President Hu Jintao’s scheduled visit to the school Friday.
