After years of talk and a little action, Chinese outbound investment sprung to life last year and is tipped to be a major theme of 2008.
Insurers, banks and securities firms were allowed to buy foreign equities through the Qualified Domestic Institutional Investor (QDII) program. A sovereign wealth fund, China Investment Corp (CIC), was set up to generate better returns on a chunk of the country’s foreign exchange reserves. And corporate China began eyeing overseas assets.
Insurers, banks and securities firms were allowed to buy foreign equities through the Qualified Domestic Institutional Investor (QDII) program. A sovereign wealth fund, China Investment Corp (CIC), was set up to generate better returns on a chunk of the country’s foreign exchange reserves. And corporate China began eyeing overseas assets.
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