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China May Raise Quotas for Trial Outbound Investment Program

A bank employee counts money on Saturday in North China’s Shanxi province. Photo: VCG
A bank employee counts money on Saturday in North China’s Shanxi province. Photo: VCG

* Quota increase is part of move to open China’s capital markets to foreign companies

* Change would also allow Chinese individuals and institutions to be able to invest more in global assets

Chinese regulators are considering allowing overseas fund managers to raise more money from Chinese institutions and high net-worth individuals to invest abroad, in what would be the first increase since the trial program was launched almost five years ago, an official at the State Administration of Foreign Exchange (SAFE) told Caixin.

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