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  • Beijing Review

    ECONOMY

    Dec 09, 2021 3 minutes

    Quota Expansion

    The approved quotas of the Qualified Domestic Institutional Investor (QDII) program, a scheme that allows Chinese investors to access foreign assets, totaled $154 billion as of November 30, according to the State Administration of Foreign Exchange (SAFE).

    Data released on the SAFE website showed the quotas were granted to 174 financial institutions, including banks, securities firms, insurers and trust companies.

    Since the implementation of the QDII scheme in 2006, China has gradually normalized and accelerated the issuance of its quotas. In June, SAFE further expanded quotas under the program to meet

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