Biggest Chinese mutual funds near limits on offshore investment
Rising demand offers insight into how yield-hungry funds across China’s nascent asset management industry are navigating Beijing’s strict capital control regime.
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Rising demand offers insight into how yield-hungry funds across China’s nascent asset management industry are navigating Beijing’s strict capital control regime.
China’s biggest mutual funds are nearing government limits on offshore investment, as they seek higher returns elsewhere against a backdrop of slower growth at home, reports the Financial Times. China’s so-called Qualified Domestic Institutional Investor scheme, introduced in 2006, allows banks, brokerages and asset managers to bypass the country’s strict capital controls and buy securities…
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