According to authoritative sources, the access bar for bank's
qualified domestic institutional investor (QDII) products has been
lowered from 100 thousand yuan to 50 thousand yuan in order to
encourage more people to make overseas investments through
professional services provided by banks. It is the second time that
this access bar has been lowered.
Some analysts pointed out that due to competitive pressure that
causes rivalry between funds and banks, the China Banking
Regulatory Commission (CBRC) intends to sharpen its competitive
edge of bank QDII products by lowering the access bar. It is
reported that the investment bar for fund's QDII products is as
little as 1,000 yuan.
Meanwhile, other sources say that CBRC is considering allowing
bank QDII stocks to be accessible in the world's developed capital
markets such as New York and London.
For more details, please read the full story in Chinese. (
http://www.cnstock.com/paper_new/html/2007-10/11/content_59312408.htm)
(China.org.cn October 11, 2007)
