April 11, 2018 / 7:49 AM / 10 days ago

China studying reform to outbound QDII investment scheme

BEIJING (Reuters) - China’s foreign exchange regulator said on Wednesday it was studying dollar-denominated Qualified Domestic Institutional Investor (QDII) reform and will improve macro-prudential management of the investment scheme.

The QDII scheme was created by China to allow domestic investors to invest overseas.

The outstanding amount of the QDII program was at $89.99 billion at the end of March. The number hasn’t changed in more than a year.

Reporting by Beijing monitoring Desk; Editing by Jacqueline Wong

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