China Will Hike Quota for Investors Buying Overseas Assets
China will allow some local investors to put more of their money into overseas assets, a sign Beijing is opening up its financial market as the yuan steadies.
Regulators will lift a cap on flows under the qualified domestic institutional investors scheme, said Zhu Hexin, head of China's top currency regulator, at the Lujiazui Forum in Shanghai on Wednesday. The quota, which limits investors' ability to load up on assets like Treasuries and overseas equities, hasn't been increased since May 2024.
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