China considers letting QDII funds invest in both Chinese and foreign securities

September 23, 2015 2:25 AM

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SHANGHAI, Sept 23 China is considering letting its Qualified Domestic Institutional Investors (QDIIs) launch funds to invest in securities both at home and abroad in a new financial innovation, a stock regulator was quoted saying on Wednesday.

The China Securities Regulatory Commission (CSRC) is working on new QDII regulations among a range of measures to boost the mutual fund industry, Li Haichao, a CSRC official in charge of the fund sector, was quoted by the official China Securities Journal on Wednesday as saying .

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