-
- Index number:
- 000014453-2018-0006
-
- Dispatch date:
- 2018-04-24
-
- Publish organization:
- State Administration of Foreign Exchange
-
- Exchange Reference number：
-
- Name：
- Support Innovative Outbound Investments by Domestic Institutions to Promote the Pilot Program of QDLPs/QDIEs
To strongly support capable domestic institutions to make diverse forms of outbound investments, the State Administration of Foreign Exchange (SAFE) has conducted a pilot program of QDLPs/QDIEs in Shanghai and Shenzhen since 2013. Given the outcomes of the pilot program and the demand of market participants for cross-border asset allocation, the SAFE has pressed ahead with the pilot program, and increased the piloting quota to USD 5 billion for the two cities recently.
Next, the SAFE will work with relevant departments and local governments to further improve the macro-prudential management of QDLPs/QDIEs based on the experience from the pilot program, the situations of the balance of payments, industry trends and outbound investments to better serve the new landscape of comprehensive opening.
