1. New Investment Express.
- Author
-
Tan Wei
- Subjects
- *
INSTITUTIONAL investments , *INVESTORS , *LIQUIDITY (Economics) , *BANKING industry , *INSURANCE companies - Abstract
The article focuses on the policy of the Chinese government to allow qualified domestic institutional investors (QDII) including banks, securities companies and insurers ton invest in overseas stock markets. The new policy called the State Administration of Foreign Exchange (SAFE) is aimed at widening the channels for the outflow of foreign currency and to promote the balance in international investors. The policy is also instituted to resolve excess liquidity and increasing foreign reserves.
- Published
- 2007