Chinese investors reportedly rush into US stock funds after overseas investment quotas rise
Reuters reports that the rush comes as domestic yields sit at rock bottom and Beijing tightens unofficial routes for moving money abroad.
TLDR
Chinese investors are piling into foreign assets, especially US stock funds, after regulators raised quotas for investment abroad, Reuters reports. The higher quotas are unlocking pent-up demand amid rock-bottom domestic yields and tighter controls on unofficial routes for moving money overseas.
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