China trade has been a one-way street, it's time they return the favor
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Here’s how much the Chinese invested in the U.S. stock market so far this year: $5.4 million, according to data from Morningstar Direct. That’s right: 39 million yuan, which is $5.4 million. To put that into perspective, according to estimates from China International Capital Corp, the weighting for the A-shares in the MSCI Emerging Markets Index alone is estimated to bring in $22.7 billion to corporate China. Billions versus millions.
The limit has been increased from time to time, but there is no official announcement on further relaxation of the QDII. A proxy to look into the interest of Chinese investors on foreign assets is on QDII funds, which is small relative to the allowed maximum but still indicative. Although Hong Kong is the most favorable destination, Chinese investors are interested in the U.S. stock market.
They saw what happened with the Asian Tiger Crisis of the 1990s. They have a billion people to keep in line and don’t want anything remotely similar at home.
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