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