AsianFin -- Zhu Hexin, the director of the State Adminstration of Foreign Exchange, said Wednesday that a new quota for Qualified Domestic Investment Institutions (QDII) will be issued soon.
The QDII scheme was designed to allow China's domestic financial institutions to invest in offshore markets, such as securities and bonds.
Zhu, also the deputy director of the central bank, made the announcement in the Lujiazui Forum in Shanghai.