Soaring demand from Chinese investors for offshore investments has left foreign banks and fund managers scrambling to ration outbound-investing quotas despite the recent selloff in the U.S. and Japanese markets.
To cope with the surging appetite, firms using China’s Qualified Domestic Institutional Investor (QDII) programme are taking steps to get around the quota crunch, executives from a foreign bank, fund house, and wealth management units said.
Source: REUTER
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