CHINA's State Administration of Foreign Exchange (SAFE) lifted its cap on foreign securities investments by increasing the total quota for qualified domestic institutional investors (QDII) to US$167.8 billion, reports Caixin.
QDII allows institutional investors who meet certain criteria to invest in foreign securities within prescribed quotas.
The move represents the first increase since July 2023 when the limit was lifted to US$165 billion, according to data compiled by Bloomberg. It may also help satisfy some of the surging demand for overseas assets even as Beijing seeks to bolster domestic markets.
china had suspended the expansion of the QDII programme to try and reduce capital outflow and ease pressure on the yuan. That forced a number of QDII funds to restrict subscriptions as they ran up against quota limits.
SeaNews Turkey
QDII allows institutional investors who meet certain criteria to invest in foreign securities within prescribed quotas.
The move represents the first increase since July 2023 when the limit was lifted to US$165 billion, according to data compiled by Bloomberg. It may also help satisfy some of the surging demand for overseas assets even as Beijing seeks to bolster domestic markets.
china had suspended the expansion of the QDII programme to try and reduce capital outflow and ease pressure on the yuan. That forced a number of QDII funds to restrict subscriptions as they ran up against quota limits.
SeaNews Turkey
