Summary
- China’s foreign exchange regulator granted fresh quotas under the QDII outbound investment scheme for the first time in 10 months in May.
- The small increase of quotas, totaling $2.27 billion, reflects caution due to concerns about further pressure on the weakening yuan.
- QDII quotas totaled $167.79 billion at the end of May, compared to $165.52 billion a month earlier.
- Chinese investors are eager to invest overseas due to a shaky domestic economy and the gap with US yields.