PRC investment flows offshore near $20 billion

Although China has yet to decide on whether or how to introduce a qualified domestic institutional investor (QDII) scheme - a result that fills the dreams of global money managers - many mainland institutional investors have become quite active global investors through structured products arranged by foreign investment banks. "PICC has given out a bond mandate and Ping An Life and China Life are looking," says one Shanghai-based executive at a foreign bank, referring to three of Ch…