HK equity surge puts pressure on QDII quotas
Funds investing in Hong Kong stocks are being forced to suspend new subscriptions as they face a shortage of QDII quotas. The surge in Chinese flows was sparked by a liberalisation of investment rules last month.
Hong Kong’s stock market rally is putting pressure on Chinese fund managers’ QDII quotas, the first time the scheme has faced shortages since its launch.
The surge in quota usage is seen as a reflection of fund managers' desire for Hong Kong equities, access to which was only liberalised two weeks ago.
It is a remarkable turnaround for the Chinese investment scheme, which in recent years has been seen as failing to live up to expectations.
China Asset Management, the mainland’…
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