China Increases Overseas Investment Quota by Most Since 2021

China raised the cap on institutional investors’ overseas securities purchases by the most since 2021, aiming to advance financial opening and meet greater domestic demand for offshore investment.

The investment quotas for China’s Qualified Domestic Institutional Investor program, or QDII, climbed to $176.17 billion at the end of March, up from $170.87 billion a month ago, according to data released by the State Administration of Foreign Exchange on Friday. The $5.3 billion addition — the first hike since June last year — marks the largest increase since 2021, Bloomberg-compiled data shows.