Lehman, Lee & Xu - China Immigration Lawyers Alert

The China Law News keeps you on top of business, economic and political events in the China.
Blawg | Newsletter Archive| |

In the News

China to allow individuals to invest abroad

BEIJING -- China is considering allowing individuals to directly invest in overseas markets, a central bank official revealed on Thursday.

Currently, only institutions can invest abroad under a plan called "Qualified Domestic Institutional Investors" (QDII). More than 100 institutions are qualified at present, with a combined quota of $76.8 billion.

Wang Dan of the People's Bank of China (PBOC) said the central bank is working on a QDII2, to allow Chinese people to trade stocks on foreign bourses and hold other assets. In addition, the PBOC is considering "RMB Qualified Domestic Institutional Investors" (RQDII), which means institutions would be able to use the Chinese yuan to invest abroad rather than convert into local currency.

Both outbound and inbound investment across China's border are still subject to many restrictions as the country's capital account is not open and the yuan not fully convertible, though cross-border use of the yuan is being gradually liberalized.



© LEHMAN, LEE & XU 2014.
This document has been created for educational purposes for clients, potential clients and referrers of services to , and to alert readers to the services provided by . It is not intended to serve as definitive professional or legal advice, and should not be relied upon as such. does not endorse any personal opinions which may be contained herein.
LehmanBrown© International Accountants
For more information regarding accounting, taxation, and audit services in China please email LehmanBrown International Accountants at mail@lehmanbrowninternational.com or visit our website at www.lehmanbrowninternational.com .
We hope that you enjoy China Life Science Law in the News . If you would like us to send you new issues by e-mail each month, please click here to subscribe. There is no charge for this service. If not, please click here to unsubscribe.If you have any difficulty subscribing or unsubscribing, please contact our IT department directly at: it@lehmanlaw.com
Proud Member of