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China Daily / 2021-02 / 23 / Page013

Two-way fund flows set to be encouraged

By CHEN JIA | China Daily | Updated: 2021-02-23 00:00

Individuals may be permitted to invest in foreign shares, insurance products

China is likely to achieve a breakthrough this year that would permit personal investment in securities and insurance products overseas, an indication that policymakers are willing to see more active two-way capital flows, experts said on Monday.

The experts also hinted at the possibility of further removing limits on personal cross-border investment, with a senior official from the foreign exchange regulator suggesting the revision of some relevant rules in an article published in China Forex, a magazine, on Friday.

Ye Haisheng, director of the Capital Account Management Department at the State Administration of Foreign Exchange, said regulators are considering allowing individuals to invest in overseas securities and insurance products within the annual quota of $50,000.

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