SHANGHAI: To drain excess liquidity in the economy, China is accelerating the implementation of the Qualified Domestic Institutional Investors (QDII) scheme that allows its people to invest in fixed income assets abroad.
However, against the backdrop of the strengthening of the local currency, yuan, the timing of the new investment scheme that was unveiled in April does not seem right.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!