In the wee hours one day recently in Shenzhen, Guangdong province, Li Guang, 33, shut down his PC finally and prepared to go to bed. But his mind continued to churn data on the trade he had just executed. He added shares of Weibo, a Nasdaq-listed Chinese social network company, to his investment portfolio, a task that required Li to stay awake to play the US market operating in a different time zone.
Li is getting used to life as a night owl, a first step toward becoming a successful part-time retail investor based in China with focus on US stocks. But altering the body s natural biorhythms may be the easy part of the deal－Li has to contend with gaps in knowledge and language.
For retail investors, global play is the new normal By Zhou Lanxu | China Daily | Updated: 2021-07-12 09:27 Share [Photo/Sipa]
In the wee hours one day recently in Shenzhen, Guangdong province, Li Guang, 33, shut down his PC finally and prepared to go to bed. But his mind continued to churn data on the trade he had just executed. He added shares of Weibo, a Nasdaq-listed Chinese social network company, to his investment portfolio, a task that required Li to stay awake to play the US market operating in a different time zone.
Li is getting used to life as a night owl, a first step toward becoming a successful part-time retail investor based in China with focus on US stocks. But altering the body s natural biorhythms may be the easy part of the deal－Li has to contend with gaps in knowledge and language.
For retail investors, global play is the new normal-Eastday eastday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eastday.com Daily Mail and Mail on Sunday newspapers.
China granted US$9.02 billion of fresh quota for foreign investments to 21 fund managers, banks and securities firms, the third in three months under the Qualified Domestic Institutional Investors (QDII) programme.
A total $8.15 billion of quota was granted to 14 fund managers, including China Southern Asset Management and Harvest Fund Management, and $870 million to seven banks and securities firms, including Citibank (China) and Hang Seng Bank (China).
They were awarded by the State Administration of Foreign Exchange (SAFE), the supervisor of China’s foreign reserves, which made the announcement in a statement dated January 13 published on its website.
The QDII programme allows domestic institutions and fund managers to invest in offshore assets within allowable quotas.
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