China confirms launch of QDII2
Scheme allowing Shanghai-based individuals to invest overseas agreed in meeting this week
The Chinese government has confirmed the launch of a pilot programme allowing individuals based in its Shanghai free trade zone (FTZ) to invest overseas.
The programme was approved during a State Council meeting led by premier Li Keqiang on October 21, according to a statement published on the government's website the following day.
It represents another step towards capital account liberalisation in the world's second biggest economy. The government did not say when the programme is due to be
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