Reuters with the headline info that Standard Chartered has suspended new subscriptions by its clients in China into offshore products via a quota-based channel. The qualified domestic institutional investor (QDII) programme was launched in 2006.QDII is one of the few outbound investment channels qualified domestic and foreign institutions use to help Chinese wealth and corporate clients to invest offshoreStanChart cited "commercial reasons".The comes amid Beijing's efforts to stem capital outflows as weaker yuan and a slowing economy have driven savers to move assets offshore. This article was written by Eamonn Sheridan at www.forexlive.com.
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