China to further expand outbound investor schemes

BEIJING: China plans to roll out an outbound investment scheme to new regions as it looks to meet onshore investors’ asset allocation needs, official news agency Xinhua reported on Sunday.

China will expand the Qualified Domestic Limited Partner (QDLP) trials already underway in Shanghai, Beijing and Shenzhen, Xinhua said, citing an unnamed official at the foreign exchange regulator.

It will also pilot the scheme in Chongqing city and the Hainan free trade zone.

In September,the State Administration of Foreign Exchange (SAFE) granted fresh quotas under its outbound Qualified Domestic Institutional Investor (QDII) scheme for the first time since April 2019.

Last month, Xinhua said fresh quotas worth $10 billion would be issued in several batches under QDII scheme.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Must Read

Why does Pakistan fail to overcome the vicious cycle of circular...

The federal government and the independent power producer have apparently locked horns over the government’s payment plan as independent power producers (IPPs) have reportedly rejected payment plan offered by the federal government and demanded at least 50pc upfront cash payments before signing the formal agreements for tariff discounts