SAFE Approved 68.36 Billion US Dollars to be Invested Abroad as Part of QDII Program
Published:
2011-01-25
According to a posting to the official website of the State Administration of Foreign Exchange (SAFE), since the establishment of the Qualified Domestic Institutional Investor (QDII) scheme in 2006, which allows certain Chinese financial institutions to invest in offshore markets, as of December 2010, (SAFE) had approved a total of 88 domestic investment institutions. The institutions were given permission to invest a total of 68.36 billion US dollars abroad during that period. The SAFE says it will broaden channels for capital outflow during the 12th Five-Year Plan period.
Source
China Securities Journal
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