QDII products to invest independently overseas

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clpstaff &clp articles

Regulator will be watching closely

ICBC Credit Suisse Asset Management has ended an overseas investment consulting agreement with Credit Suisse, making it the first qualified domestic institutional investor (QDII) product to invest abroad independently.

QDII schemes allow mainland Chinese investors to invest in overseas markets. After the launch of the schemes in 2006, many of China's financial institutions formed ventures with overseas banks to help with their overseas selling.

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