, 6 tweets, 2 min read Read on Twitter
Well, well, well....I see the QDII program IS getting some attention afterall. As it should. scmp.com/economy/china-… @Vladimirth #China is a one way street. Money in, no money out. With the US increasing China weighting in our indexes, China needs to reciprocate. Big oppty.
Ive been beating the drum on this for over a week now. QDII needs to increase at least as a sign of good faith. Wall Street loves investing in #China. Theyd also love taking Chinese money to open investment accounts here in the US.
But Chinese people are not allowed to do, or are greatly restricted. Meanwhile, Americans are basically being mandated to invest in Chinese state owned companies and others thru index strategies. China needs to return the favor.
My guess is the federal retirement fund that is set to track the MSCI All Country World Index next year will NOT track that index because of China. You would have had a major pension fund reject an index because of China. That could be HUGE. $FXI $ASHR
This @SCMPNews article does not mention QDII, but it doesn mention the one-sided capital account and money flow, of which QDII is a MAJOR solution to that problem. China govt holding TSYs cuz of trade factors is not enough.
Im talking about equity investment primarily in US cos, or investing in US corporate bonds by Chinese individuals. More flow here, and more oppty for US financial service firms/brokerages, who have a brand new market of millions of people who absolutely WANT to put money here.
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