24 June 2021
On 1 June 2021, the State Administration of Foreign Exchange (SAFE) issued new quotas of US$10.3 billion to 17 qualified domestic institutional investors (QDII), according to the latest QDII investment quota approval table dated 2 June 2021 (available here). The total QDII quotas granted by SAFE now stands at US$147.32 billion and the total number of QDII stands at 173.
This is the seventh round of QDII quota issuance since September 2020, and it is also the largest QDII quota issuance since the QDII scheme was introduced. SAFE has been active in issuing QDII quotas since it announced in October 2020 that it would normalise the schedule of granting QDII quotas, to facilitate the outbound investment regime for domestic investors’ exposure to foreign markets.
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