The fresh quotas are the first for 17-months as the renminbi enjoys a period of strength.
Tag: QDII
E Fund juggles QDII demand
E Fund Management is one of several China firms, including GF Fund and Dacheng Fund, that imposed restrictions on purchases of their QDII funds last week.
Stan Chart to distribute Blackrock fund onshore
In total, Standard Chartered in China distributes around 200 QDII products managed by 10 foreign asset management firms.
CCB Principal launches UK equities QDII product
Despite Brexit woes, the UK has become the latest choice for China’s qualified domestic institutional investors (QDII).
Northbound MRF inflows at nearly $1bn
Onshore money seeks offshore exposure and Broadridge says some popular northbound funds have an absolute return flavour.
Northbound MRF flows reach record high
Chinese investors pour capital into offshore assets to protect against exchange rate fluctuations.
China’s regulator signals further opening
The QFII scheme is a transitional step towards China’s orderly opening of its capital markets, according to the 2018 annual report from State Administration of Foreign Exchange (Safe).
China grants $5bn in inbound quotas
Also in April, China issued additional outbound quotas to five domestic firms after nearly a year of non-issuance.
QDII funds bleed $1.59bn in outflows in 2018
QDII funds, which mainland firms use to invest onshore capital outside of China, still account for less than 1% of China’s RMB 11trn mutual fund market, according to data from Morningstar Direct.
Barings and Bridgewater become RQFII holders
Additionally, in August, RQFII quota went to UBS Asset Management, according to records from the State Administration of Foreign Exchange (SAFE).
