China could make fund investment abroad easier: state mediaChina may lower the requirements for fund management companies that apply to invest in overseas markets, state media reported Wednesday Wednesday: see week. . The authorities hope the move will boost the Qualified Domestic Institutional Investor Qualified Domestic Institutional Investor, also known as QDII, is a scheme relating to the capital market set up to allow financial institutions to invest in offshore markets such as securities and bonds. (QDII QDII Qualified Domestic Institutional Investors ) scheme, which allows local institutions to invest abroad, the China Securities Journal reported, citing unnamed sources. Regulators are considering a cut in the minimum requirement for assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. to 10 billion yuan Yuan (yüän), river, 540 mi (869 km) long, rising in S Guizhou prov. and flowing generally NE to Donting lake, Hunan prov., SE China. Navigation above Changde is limited by rapids to small craft. (1.5 billion dollars) so that more fund companies will be able to sign up for the scheme, the report said. Currently, fund managers applying for the QDII qualification must have at least 20 billion yuan. As of the end of June, twenty-seven fund companies in China had assets under management lower than 20 billion yuan, the report said, citing financial data provider Wind Info. Nine out of the country's sixty fund companies have already been allowed to sell products under the QDII scheme, allowing Chinese investors an indirect channel to overseas markets. But most of them were coldly received due to the weakness in financial markets, the report said. 
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