China says to expand outbound investment in 2008 http://www.reuters.com/article/privateEquity/idUSPEK19835220071224
Sun Dec 23, 2007
BEIJING, Dec 24 (Reuters) - China will let more companies and financial institutions invest overseas next year as part of a move to ease its worsening international payment imbalance, a senior official was quoted by state papers as saying on Monday.
Under the Qualified Domestic Institutional Investor scheme, or QDII, designed to help ease upward pressure on the yuan by prompting capital outflows, China has offered $20 billion in investment quotas for four brokers and a $42.2 billion quota to banks, mutual funds and insurers to make portfolio investments abroad. http://www.reuters.com/article/privateEquity/idUSPEK19835220071224