China Liberalization of Outbound Portfolio Investment: Precursor to QDII

July 02, 2006 | BY

clpstaff &clp articles

China is one step closer to the qualified domestic institutional investor (QDII) programme, allowing banks, fund management firms, insurers and securities institutions to convert Chinese clients' renminbi into foreign currency and invest it overseas.

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By Neal A. Stender, Orrick, Herrington & Sutcliffe, Hong Kong;
Xiaowei (Sherry) Yin and Nicholas Sheets,
Coudert Brothers LLP, Beijing and Shanghai

With its latest round of foreign exchange capital