The first batch of funds with increased QD quotas has arrived.

Last weekend, I posted about the State Administration of Foreign Exchange (SAFE) approving a new annual QD quota last Friday. As you can clearly see from the chart below, this year's approved quota is larger than last year's. The main reason is likely that during the RMB appreciation cycle, approving USD foreign exchange quotas doesn't put much pressure on RMB depreciation, "Reinforcements have arrived! New QD quota approved".

Yesterday, announcements from several companies were seen, indicating that their QD funds have resumed (or increased) large-amount subscriptions. I noticed two main funds. One is Tianhong Nasdaq 100, which previously had a limit of 50 yuan, and after yesterday's announcement, it was raised to 1000 yuan; the other is Baoying Nasdaq 100, which previously completely suspended subscriptions and has now resumed large-amount subscriptions with a daily limit of 50,000 yuan.

Recently, overseas markets have also been falling. After the recent decline, most regional stock markets are no longer considered expensive and are worth positioning into again. I still don't believe the Middle East conflict will become protracted.

(Not investment advice)

$Invesco QQQ Trust(QQQ.US)  $SPDR S&P 500(SPY.US) $Penghua Dow Jones Industrial Average ETF(QDII)(513400.SH)