China to scrap foreign investment quotas to attract more money into its stock, bond markets

China to scrap foreign investment quotas to attract more money into its stock, bond markets

September 10, 2019, Reuters

China’s foreign exchange regulator said on Tuesday that it had decided to scrap quota restrictions on two major inbound investment schemes, as a weakening yuan and rising outflows prompt Beijing to seek to attract more foreign capital.

While underlining China’s thirst for overseas funding as its economy slows amid a debilitating trade war with the United States, the move also appears largely symbolic, as two-thirds of the existing quotas remain unused.

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