Investors to remain wary of China on slowing economy

HONG KONG: Concerns about China’s slowing economy and fears of further weakness in its yuan will likely keep global investors at bay despite Beijing’s efforts to push foreign funds into its market by making them invest a minimum amount.

The State Administration of Foreign Exchange (SAFE) will likely consider cutting investor quotas under the Qualified Foreign Institutional Investor (QFII) scheme if an investor does not use up 60%-70% of the allotment within a year after it is approved, two sources have told Reuters.