Since established in 2006, the QDII system has played positive roles in boosting the opening-up of financial markets, expanding investment channels for domestic residents and supporting financial institutions to go global.

To implement the spirit of the 19th CPC National Congress, and the requirement of further opening-up raised by General Secretary Xi Jinping at the 2018 annual meeting of the Boao Forum for Asia, the State Administration of Foreign Exchange (SAFE) follows the logic of macro-prudential administration, considers the AUM, internal control and compliance of QDIIs based on the business features of institutions and works on the matters relating to QDIIs in a fair, just and transparent manner, thus better meeting the requirements of domestic players for cross-border assets allocation. Customarily, the updates of the quotas for QDIIs are published at the official website of the SAFE at the end of every month, in the hope of calling your attention and subjecting relevant issues to your supervision.

Next, the SAFE will work with relevant departments to study how to press ahead with the reform. They will continue to improve the macro-prudential administration of QDIIs based on the BOP, industry trends and outbound investments, to serve the new pattern of comprehensive opening-up in China and help build an open world economy.