Briefly

QDII quotas increased to meet demand

China's foreign exchange regulator expanded quotas under an outbound investment program on Wednesday to meet growing demand from domestic investors. A total of $10.3 billion in quotas was granted to 17 institutions under the Qualified Domestic Institutional Investor program, a scheme for outbound investment, according to the State Administration of Foreign Exchange. Among these institutions were fund companies, securities firms and insurers, as well as banks, said the regulator. Under the QDII program, the country's cross-border capital flows have been maintained in an orderly manner, satisfying the rising demand for outbound investment at home, said a SAFE official.

Integrated financing model to be displayed

China Electric Power Construction Group Co Ltd, one of the few companies in the country that has undertaken nuclear, thermal, wind and other types of power generation, will display the industry's first integrated service model of financing, construction, operation and services at the SNEC 15th (2021) International Photovoltaic Power Generation and Smart Energy Conference& Exhibition. The integrated model, including safe and fast financing services, standardized power station construction services, professional photovoltaic operation and maintenance services and other technical support services, is aimed at addressing the problems of power station projects' financing difficulties, uneven construction quality and other challenges.

Xinhua - China Daily