Safe resumes QDII quota handouts
E-Fund and China Merchants are first to launch new QDII funds after a 17-month drought.
On Friday, the State Administration for Foreign Exchange (Safe), the forex arm of the People's Bank of China, provided quota to two Chinese fund management companies to launch products under China's qualified domestic institutional investor (QDII) programme.
These are the first foreign-exchange quotas allowed for QDII funds in 17 months.
Peter Alexander, director at Shanghai-based consultancy Z-Ben Advisors, says: "Policy change is typically the key driver of market expansion in Chi…
Sign In to Your Account
Access Exclusive AsianInvestor Content!
Please sign in to your subscription to unlock full access to our premium AI resources.
Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial—no registration fees required. Click the link to get started.
Note: This free trial is a one-time offer.
¬ Haymarket Media Limited. All rights reserved.