Pioneer Investments is planning to open an office in China to take advantage of the August extension of rules in the Qualified Domestic Institutional Investor (QDII) scheme allowing Chinese investors to invest in foreign stocks and equity-linked structured products, Reuters reports. Previously, QDII only permitted overseas investments in money market funds and bonds.

By concentrating on investors’ appetite for international funds, Pioneer will be taking a different tack from its approach in India and Russia, where it offers funds that invest domestically.

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