for further standardize domestic institutions overseas securitiesinvestmentForeign currencymanagement, the promotion of overseas securities investment facilitation, on August 27, state administration of foreign exchange announced the qualified domestic institutional investors overseas securities investment foreign exchange management regulations, cancellation, and simplifies the relevant foreign exchange management procedures, the qualified domestic institutional investor (qdii) merging and integrating foreign exchange management policy.
The provisions on the main content includes: one is cancelledmoneyRemitted into currency restrictions, the expanded domestic institutional sources of overseas securities investment funds.Second, cancel the foreign exchange settlement, foreign exchange purchase audit, simplify the application materials.3 it is unified quota management requirements, the securities investment outside the territory of all kinds of qualified institutions unified balance management, namely the securities investment outside the net amount remitted shall not exceed the approved quota.Four is to strengthen the monitoring statistics, make full use of electronic means of information, to strengthen cross-border capital outflows under securities investment statistics and monitoring, preventing risks of cross-border capital flows.