China studying reform to outbound QDII investment scheme

BEIJING, April 11 (Reuters) - China's foreign exchange regulator said on Wednesday it was studying dollar-denominated Qualified Domestic Institutional Investor (QDII) reform and will improve macro-prudential management of the investment scheme.

The QDII scheme was created by China to allow domestic investors to invest overseas.

The outstanding amount of the QDII programme was at $89.99 billion at the end of March. The number hasn't changed in more than a year. (Reporting by Beijing monitoring Desk Editing by Jacqueline Wong)