China is moving to encourage domestic institutional investors to pour more money into foreign capital markets as the yuan strengthens sharply against the US dollar amid accelerating post-pandemic inflows of funds.
The foreign exchange regulator will start issuing $2 billion to $3 billion of Qualified Domestic Institutional Investor (QDII) quotas each quarter and $10 billion for the full year, according to China's official Xinhua News Agency on Wednesday, citing an official from the State Administration . . .
To continue reading, please subscribe. You will get
- THE WIRE - An Unrivalled Real-Time Platform providing up-to-the-minute updates of market-moving news and views utilizing a network of journalists, traders, brokers, analysts, etc. Here are some screenshots of the wire updates.
- IN-DEPTH & DATA-DRIVEN reporting on China's economy, policy and financial markets.
- DETAILS - We bring you important details that you won't find elsewhere.
- WEEKLY NEWSLETTER with Editors' Picks
GRAB OUR CHRISTMAS OFFER. Starting from $9.9 !
Already have an account? Sign In