June 14, 2024
Investment

China Raises Limit on Overseas Investment After 10-Month Pause


(Bloomberg) — China lifted its cap on foreign securities investment for the first time since July 2023, in a move that may help satisfy some of the surging demand for overseas assets even as Beijing seeks to bolster domestic markets.

The State Administration of Foreign Exchange approved a total quota of $167.8 billion for qualified domestic institutional investors (QDII) as of the end of May, according to data from the agency’s website. That represents the first increase since July, when the limit was lifted to $165.5 billion, according to data compiled by Bloomberg.

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