China increases quota for foreign investment

 

• The State Administration of Foreign Exchange raised the foreign-exchange quota for qualified domestic institutional investors to $170.9 billion at the end of June, from $167.8 billion, according to the agency's website.

• The increase, widely anticipated by markets, comes as downward pressure on the yuan (USD:CNY) has eased amid a weaker U.S. dollar (DXY) and waning demand for foreign assets like U.S. stocks.

  The QDII program permits eligible domestic institutional investors to purchase overseas securities, bonds, and commodities within approved quotas.

https://www.msn.com/en-us/money/markets/china-increases-quota-for-foreign-investment/ar-AA1HJPaN