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China expands QDII quotas as outbound investment demand grows--China Economic Net

China s foreign exchange regulator Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors.   A total of 10.3 billion U.S. dollars in quotas was granted to 17 institutions under the Qualified Domestic Institutional Investor (QDII) program, a scheme for outbound investment, according to the State Administration of Foreign Exchange (SAFE).   Among these institutions were fund companies, securities firms, insurers, and banks, said the regulator, adding that the move brought China s total QDII quota to 147.32 billion U.S. dollars.     Over the years, China has gradually normalized and accelerated the issuance of QDII quotas. Since September 2020, the SAFE has granted seven rounds of quotas to 173 institutions through the QDII scheme, official data showed.

China expands QDII quotas as outbound investment demand grows - Buz & Tech News

China expands QDII quotas as outbound investment demand grows - Buz & Tech News
sina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com Daily Mail and Mail on Sunday newspapers.

China expands QDII quotas as outbound investment demand grows

Economic Watch: China expands QDII quotas as outbound investment demand grows - Buz & Tech News

Economic Watch: China expands QDII quotas as outbound investment demand grows - Buz & Tech News
sina.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sina.com Daily Mail and Mail on Sunday newspapers.

PBOC seeks views on WMP pilot

PBOC seeks views on WMP pilot By CHEN JIA | CHINA DAILY | Updated: 2021-05-08 07:21 Share CLOSE Employees of Industrial and Commercial Bank of China in Macao help a local resident carry out a transaction. ZHONG XIN/CHINA NEWS SERVICE The People s Bank of China, the central bank, on Thursday released a document with fresh details, including quotas, on the proposed Greater Bay Area Cross-Boundary Wealth Management Connect and sought public feedback on the same. The WMC is a pilot program that proposes to facilitate residents of the GBA, which spans nine cities in Guangdong province, and Hong Kong and Macao, to make cross-boundary investment in wealth management products, or WMPs, distributed by banks in the GBA.

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