China’s foreign exchange regulator granted fresh quotas under its outbound QDII scheme for the first time since April 2019, amid rapid strengthening of the yuan, which also prompted concerns about risks from hot money inflows.
The $3.36 billion worth of quotas was granted to 18 institutions under the Qualified Domestic Institutional Investor (QDII) scheme, which channels domestic money into offshore financial markets, showed data from the State Administration of Foreign Exchange (SAFE) on Wednesday.To continue reading, please subscribe. You will get
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