In QDII first, BoC invests into equity Sicavs

The Bank of China is said to be the first commercial bank to take advantage of newly expanded rules governing the mainlandÆs qualified domestic institutional investor (QDII) regime, and has invested money into equity mutual funds registered in Hong Kong.BoC has been given a quota of $2.5 billion to invest via QDII by the State Administration for Foreign Exchange (Safe), an arm of the PeopleÆs Bank of China charged with managing foreign reserves. Last year it was the first commercial b…