SAFE allows customised QDII products
Customisation will allow fund houses to chase æstickierÆ assets from high-net-worth clients and change the status quo through innovation.
After a long year of inactivity in the QDII industry in China, fund houses are revving their engines for a new round of competition as the State Administration of Foreign Exchange (SAFE) finally approves new forex quotas for the industry to invest in overseas markets. SAFE has waited at least five months to make its move since global markets bottomed out in March this year.
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