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What is a QDII fund?

QDII is the abbreviation of "Qualified Domestic Institutional Investor". Qualified Domestic Institutional Investor refers to a company established in a country under the conditions that the RMB capital account is not convertible and the capital market is not open. An institutional arrangement that allows domestic institutions to invest in stocks, bonds and other securities investment businesses in overseas capital markets with the approval of relevant departments of the country on a controlled basis.