China to expand outbound investment schemes


Source: chinadaily.com.cn chinadaily.com.cn

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A bank staff member counts RMB and US dollar notes in Nantong, Jiangsu province, on Aug 28, 2019. [Photo/Sipa] BEIJING - China will expand the scale of two pilot schemes that allow domestic investors to access foreign assets, the country's foreign exchange regulator said Sunday. The scale of the outbound investment schemes -- Qualified Domestic Limited Partner (QDLP) and Qualified Domestic Investment Enterprise (QDIE) -- in Shanghai, Beijing and Shenzhen will be expanded in the near future, according to the State Administration of Foreign Exchange. The move aims to further meet domestic investors' demand for global asset allocation, it said....