News Snapshot:
The move, estimated to release quotas by $2-3bn per quarter, is being called one of the biggest relaxations in capital controls in recent years. China’s SAFE (State Administration of Foreign Exchange) has said it will grant additional quotas for fund managers, securities firms and wealth management companies to invest in overseas securities under the QDII (Qualified Domestic Institutional Investor) programme. Last month, SAFE issued granted USD 3.36 billion of new QDII quotas to 18 institutions, the first time new quotas have been issued in a year and a half. The regulator says it will continue to increase QDII quotas in...
