Chinese to invest abroad in free-trade zone trial

  China may launch a trial scheme soon that would allow Chinese individuals in the Shanghai Free Trade Zone to invest in overseas markets directly for the first time, two sources with direct knowledge of the matter said on Wednesday.

The programme, known as the Qualified Domestic Individual Investor programme, or QDII2, is among measures jointly proposed by the Shanghai government, the central bank and regulators to promote capital account convertibility and greater international use of the yuan.

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