Funds News
- Lower threshold for QDII funds expected
Date: 7-Sep-2007 Sources: (Shenzhen Daily)
THE government may lower the threshold for approved banks to offer their clients exposure to overseas stocks as part of efforts to increase capital outflows, the China Securities Journal reported Thursday, citing an unnamed source.
The paper said the government may lower the minimum requirement for local investors buying foreign stocks through the Qualified Domestic Institutional Investor (QDII) program to 100,000 yuan (US$13,227.51), or the foreign-currency equivalent, from 300,000 yuan.
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