China widens exit for offshore stock investment plans in Hainan, Chongqing as yuan gathers strength against global currencies

Summary:
[unable to retrieve full-text content]Beijing plans to expand two pilot programmes that allow residents to buy overseas equities under quotas amid investors’ increasing demand for global asset allocation.A free-trade zone in the southern Chinese province of Hainan, and the megapolis of Chongqing will begin trial runs of the qualified domestic limited partner (QDLP) and qualified domestic investment enterprise (QDIE) schemes soon, according to a Sunday notice by state news agency Xinhua, citing unidentified officials with the State…

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