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

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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 of Foreign Exchange (SAFE).

The annual total would represent a 10 per cent expansion of the program. The . . .

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