The new batch of QDII quotas in the mainland reaches USD 5.3 billion, the largest since 2021

China has issued a new batch of Qualified Domestic Institutional Investor (QDII) quotas amounting to USD 5.3 billion, the largest since 2021. The cumulative approved quota has reached USD 176.169 billion. Among the newly added quotas, securities institutions were approved for USD 2.99 billion, while insurance and banking sectors were approved for USD 1.32 billion and USD 990 million, respectively. The issuance of QDII quotas is related to the cyclical nature of the RMB exchange rate; from 2023 to 2024, the domestic stock market has declined, leading to a surge in investor interest in overseas assets. Regulatory authorities have stated that they will continue to orderly issue QDII investment quotas to promote the opening of the capital market