The QDII program in China has enhanced the central bank’s regulation of investment flows, opening China’s capital markets to foreign investors. The program will continue to grow and help internationalise the Renminbi.
After a 25-year isolation period that left a shattered economy, the now civilian government’s moves to revamp the economy has drawn much outside interest.
Wenzhou’s tight lending and informal lending markets are bankrupting businesses and undermining years of progress. Beijing takes major steps in trying to fix this.
China has been burned in the past investing in Western financial businesses and prudence now leads to purchasing real assets that will benefit their own businesses.