Countdown begins to QDII2 scheme

Beijing will soon issue a new rule governing individual mainland investors' direct investments in Hong Kong stocks, according to two people with knowledge of the plan.

They said financial regulators were giving priority to the implementation of the qualified domestic individual investors (QDII2) scheme, which could spark a multibillion-yuan outflow into the city's market.

via Business feed http://www.scmp.com/business/banking-finance/article/1135432/countdown-begins-qdii2-scheme