PBoC confirms QDII2, issues more FTZ rules
China's central bank has given the nod on the QDII2 scheme to allow wealthy individuals to allocate overseas, and is further liberalising offshore investment via the Shanghai free trade zone.
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China’s central bank has moved to open up the Shanghai free trade zone further as a test bed for cross-border investing and indicated its support for overseas allocations by mainland fund houses and insurance firms.
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