12:20 - 1.07.2025
July 1, Fineko/abc.az. For the first time since May 2024, China has increased the amount of money that qualified investors can invest in foreign assets, thus weakening control over capital outflows, ABC.AZ informs with reference to Bloomberg.
The State Administration for Currency Regulation has increased the quota for qualified institutional investors to $170.9 billion, compared with the previous quota of $167.8 billion.
The quota increase, which the markets expected, occurred amid the weakening US dollar and falling demand for foreign assets such as US stocks.
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