The
QDII quota increase is expected to boost offshore investment.
预计
QDII配额增加将提振海外投资。
Our company plans to launch a new
QDII fund next month.
我们公司计划下月推出新的
QDII基金。
She diversified her portfolio by investing in a
QDII bond fund.
她通过投资
QDII债券基金来分散她的投资组合。
Chinese investors can access global markets through
QDII products.
中国投资者可以通过
QDII产品进入全球市场。
The
QDII program has been instrumental in internationalizing China's capital market.
(
QDII项目在推动中国资本市场国际化方面发挥了重要作用。
The recent regulatory changes have tightened the rules for
QDII investments.
最近的监管变化收紧了
QDII投资的规定。
A
QDII mutual fund allows retail investors to participate in foreign equity markets.
(
QDII共同基金使零售投资者能够参与外国股票市场。
Due to currency fluctuations,
QDII returns may be affected negatively.
由于货币波动，
QDII回报可能受到负面影响。
The
QDII scheme aims to help Chinese institutions manage their foreign exchange assets more effectively.
(
QDII计划旨在帮助中国机构更有效地管理其外汇资产。
To invest abroad, you need to understand the risks associated with
QDII products.
要进行海外投资，你需要了解与
QDII产品相关的风险。
Other measures include eliminating the quota limit of QDII (qualified domestic institutional investors), and speeding up the construction of channels for domestic investors to invest in overseas bond markets under the program of "Bond Connect".
・ Triple A Digital Finance Innovation Award, Best QDII Custody Bank Award, Best Sustainable Creditor Award granted by The Asset.
- The approved quotas of the Qualified Domestic Institutional Investor (QDII) program, a program that allows Chinese investors to access foreign assets, totaled $154 billion as of Tuesday, said the State Administration of Foreign Exchange (SAFE).
The QDII quotas were granted to 174 financial institutions, including banks, securities firms, insurers, and trust companies, showed a file on the SAFE's official website.
Since China implemented the QDII scheme in 2006, the country has gradually normalized and accelerated the issuance of QDII quotas.
In June this year, the SAFE further expanded quotas under the QDII program to meet domestic investors' soaring demand.
China has yet to fully liberalize its capital account, with programs such as the QDII and Qualified Foreign Institutional Investors (QFII) providing financial institutions with quotas for outbound and inbound investment, respectively.
The QDII program is another setup for outbound investment.
The former could be a more popular choice for common families as QDII products are in general publicly offered.
The appeal of QDII strengthened this year as two QDII products with focus on petroleum investment topped the list of China's publicly offered fund industry, in terms of returns for the first half of the year, yielding around 60 percent, data compiled by Shanghai Securities News showed.
Yet, a big question regarding QDII is how much quota investors can access.
The State Administration of Foreign Exchange, China's foreign exchange regulator, said in June that it has expanded the QDII quota by $10.3 billion to $147.32 billion, marking the fourth quota expansion this year.
Pan Gongsheng, head of the SAFE, said in June that the country will step up efforts to provide Chinese residents with more options for overseas asset allocation, including scaling up QDII and improving related management mechanisms.
On June 2, China's forex regulator, the State Administration of Foreign Exchange, or SAFE, issued a new quota of $10.3 billion under the Qualified Domestic Institutional Investor, or QDII, program, allowing 17 Chinese institutional investors to buy more overseas financial instruments.
Guan Tao, global chief economist at BOC International and also a former SAFE official, said the QDII quota was the biggest one-off issue in a single month and showed that the authorities are determined to keep the RMB exchange rate at a "reasonable equilibrium".
A total of $10.3 billion in quotas was granted to 17 institutions under the Qualified Domestic Institutional Investor (QDII) program, a scheme for outbound investment, according to the State Administration of Foreign Exchange (SAFE).
The move brought China's total QDII quota to $147.32 billion.
Under the QDII program, the country's cross-border capital flows have been maintained in an orderly manner, satisfying the rising demand for outbound investment at home, said a SAFE official.
The regulator also urged institutions under the QDII scheme to conduct business in a prudent manner, optimize the allocation of overseas assets and keep an eye on risks in the sector.
Publicly offered funds focusing on overseas investment via the Qualified Domestic Institutional Investors, or QDII, scheme, which provides financial institutions with quotas for outbound investment, have bucked a broad decline in China's fund market in the past quarter.
More than 300 open-ended QDII funds posted a 2.84 percent rise in net value on average in the first three months of the year, with nearly two-thirds of them recording a growth in net value.
The eye-catching market performance of QDII funds coincided with a jump in the issuance of QDII funds.
The first quarter of the year saw the establishment of five QDII funds that raised 15.97 billion yuan ($2.4 billion) in all, substantially higher than the 3.6 billion yuan raised in the same period last year, according to Wind Info.
To be sure, QDII funds now account for a minor share in China's overall fund market.
Wang Haoyu, managing director of Beijing-based CreditEase Wealth Management, said the issuance of QDII funds is expected to gradually gather pace as Chinese residents' demand for overseas allocations rises amid rapidly growing family wealth and rising awareness of the importance of diversified allocations.
Another key factor that will popularize QDII funds will be the country's stepped-up efforts to open its financial borders wider, Wang said.
China has been advancing a regular approval and issue of QDII quotas to meet the growing demand in offshore asset allocation.
Marina Lui, UBS' group managing director and head of China wealth management, said the Swiss wealth management giant is "keen to proactively participate" in the opportunities brought by the QDII quota expansion.
- The approved quotas of the Qualified Domestic Institutional Investor (QDII) program, a scheme that allows Chinese investors to access foreign assets, totaled $125.72 billion as of Jan 13, according to the State Administration of Foreign Exchange.
The QDII quotas were granted to 171 financial institutions, including insurance companies, securities firms, banks, banks' wealth management subsidiaries and trust companies, a file with the administration showed.
China has yet to fully liberalize its capital account, with programs such as the QDII and Qualified Foreign Institutional Investors providing financial institutions with quotas for outbound and inbound investment, respectively.
The State Administration of Foreign Exchange announced in late October that an additional QDII(qualified domestic institutional investor) quota of $10 billion will be provided in the near term.
Shao Yu, chief economist at Orient Securities, said the latest expanded QDII quotas will facilitate more outbound investment and help balance the influx of money, thus easing pressure for renminbi appreciation.
A senior official from the State Administration of Foreign Exchange said on Wednesday that fresh quotas worth $10 billion will be issued in several batches under the outbound Qualified Domestic Institutional Investor or QDII scheme.
Data from the SAFE indicated that, by Sept 23, the foreign exchange regulator had approved $107.34 billion total quota of QDII, and $3.36 billion quota was already allocated to 18 institutions, including fund management, securities and wealth management companies.
So far this year, Citi China's best performing QDII fund has offered returns of more than 30 percent, according to Xu.
By the end of 2018, only 13 Chinese QDII funds had Japanese assets included, with a total market value of around 77 million yuan ($11 million), according to market tracker Wind Info.
Japanese assets currently account for a small part of the domestic investment portfolio of QDII funds.
By the end of 2018, only 13 QDII funds had Japanese assets included, with the total market value registered at around 77 million yuan ($11 million), according to market tracker Wind Info.
Financial integration in the area has improved following China's financial reform measures such as the stock and bond connect schemes, quota expansion for Qualified Foreign Institutional Investors (QFII), Qualified Domestic Institutional Investors (QDII) and Renminbi Qualified Foreign Institutional Investors (RQFII).
In addition to schemes such as QFII that broadened the access for capital inflows, China has also rolled out pilot programs to encourage domestic investors to access foreign assets, such as the Qualified Domestic Institutional Investor (QDII) program, a scheme for outbound investment.
When it comes to cross-border investment, Chinese investors are able to invest their wealth in overseas markets through the Qualified Domestic Institutional Investor (QDII) program.
"Key symbols of the capital market opening to the world range from the (dollar-denominated) Qualified Foreign Institutional Investor (QFII), Renminbi Qualified Foreign Institutional Investor (RQFII) and Qualified Domestic Institutional Investor (QDII) programs, Shanghai-Hong Kong Stock Connect to the MSCI's inclusion of Chinese A-shares," said Wu.
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