Launching China's Qualified Domestic Institutional Investor (QDII) scheme now could severely impact China's already flat A-share market, Shanghai stock exchange Deputy General Manager Fang Xinghai warned. The scheme, which could be implemented any day now according to the Shanghai Securities News, would allow Chinese institutions to invest in Hong Kong-listed equities. Fang said most quality Chinese companies are already listed in Hong Kong and letting investment funds flow out of the mainland on top of that would start an unstoppable trend and prevent domestic capital markets from developing.
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