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| Friday, October 10, 2008 21:04:47 |
QDII quota to grow US$70 billion next year, fund forecasts
A Chinese fund manager has predicted an additional US$70 billion quota will be added to the Qualified Domestic Institutional Investors (QDII) scheme next year to accommodate the increasing involvement of mutual funds, the China Securities Journal reported. Jiashi Fund also argued the scale of capital outflow from the QDII scheme and through direct investment in Hong Kong stocks would be determined largely by the ...
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