News & Insights

Mainland China briefing: recent developments in cross-border channels: SAFE issues another round of QDII quotas in March 2021

The State Administration of Foreign Exchange (SAFE) has issued new quotas of US$8.85 billion to qualified domestic institutional investors (QDII), according to the QDII investment quota approval table dated 31 March 2021. This is the second time SAFE has issued QDII quotas in 2021, following the US$9.02 billion issued in this January. The total QDII quotas granted by SAFE now stands at US$134.57 billion.

The QDII regime allows qualified financial institutions to package investment products for underlying investors to invest in foreign securities markets through investment quotas. SAFE announced in October 2020 that it would normalise the schedule of granting QDII quotas, and since then it has been active in issuing QDII quotas to facilitate the outbound investment regime for domestic investors’ exposure to foreign markets.

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