From Reuters: China on Wednesday authorised two banks to invest $3.5 billion of their clients’ money overseas, bringing total approvals so far under a scheme to promote capital outflows to $8.3 billion. The foreign exchange regulator said on its Web site that it had granted a quota of $2.0 billion to China Construction Bank Corp. […]
From Shenzhen Daily: Bank of China Friday launched its first fund for investing clients’ money overseas. The bank said in a statement it would immediately start selling a fund using its US$2.5 billion quota under the country’s Qualified Domestic Institutional Investor (QDII) program. Corporate investors can make purchases from Friday through Aug. 9, after which […]
From Xinhua via People’s Daily: China’s foreign exchange authority has granted overseas investment quotas totaling 4.8 billion U.S. dollars to three qualified domestic institutional investors (QDII). According to the announcement from the State Administration of Foreign Exchange (SAFE), the Bank of China, the Industrial and Commercial Bank of China and the mainland subsidiary of the […]
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