Via the AFR:
China is relaxing limits on outbound investments by wealthy individuals and institutions for the first time in two years…Qualified Domestic Individual Investor, or QDII schemes, were launched in China more than a decade ago to enable asset managers to raise funds from individuals and institutions to invest offshore for the first time. When a second round of the program was launched in 2015, property investment portal Juwai.com predicted it would inject a further $98 billion of Chinese money into the Australian residential property market.
…”Based on the foreign currency situation and market demands of the pilot projects in Shanghai and Shenzhen, it is planned than the total quota of the two cities will be increased,” the spokesperson said.
