EconomyChina widens access to overseas stocks with nearly US$7 billion in QDII quotas
Beijing’s latest allocation of outbound investment quotas is expected to ease shortages of cross-border products, including funds investing in US securities, as Chinese investors seek diversification abroad. By the end of August, the foreign-exchange regulator had awarded US$6.84 billion in QDII quotas to fund managers, insurers and bank wealth-management units.
China widens access to overseas stocks with nearly US$7 billion in QDII quotas
Economy