Foreign Bank Subsidiaries in China Seek New QDII Quotas After SAFE Signals Fresh Allocation

Some onshore locally incorporated subsidiaries of foreign banks in China are actively applying to relevant authorities for a new batch of Qualified Domestic Institutional Investor (QDII) investment quotas, according to 36Kr. Zhu Hexin, head of China’s State Administration of Foreign Exchange (SAFE), said at the Lujiazui Forum that regulators will issue a new batch of QDII quotas after earlier steps this year to optimize rules for domestic companies’ overseas listings and offshore lending, and that SAFE will further simplify foreign-exchange administration for outbound direct investment (ODI) and external debt, while improving policies for FX loans and cross-border equity incentives.