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China expands several outbound investment schemes after yuan’s sharp strengthening

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 . . .

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