China instos seen getting more next time as QDII revived
China's new QDII quotas were stingy to lifers and banks, especially, but they could yet benefit more in future now a gradual relaxation of some capital controls appears to have resumed.
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Banks may have missed out completely in the latest round of outbound investment quotas approved by Beijing but they will likely be granted more leeway in future as China moves to further liberalise its capital account, economists and analysts say.
After a long hiatus, China in late April relaxed its capital controls, with the State Administration of Foreign Exchange (Safe) approving $8.34 billion-worth of new qualified domestic institutional investor (QDII) quotas.
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