公募优先用QDII额度！限购潮或将缓解，你的海外配置有救了？

Core Viewpoint - The recent change in QDII fund regulations prioritizes public offerings, allowing retail investors better access to overseas asset allocation opportunities [2][6][9]. Group 1: Policy Changes - The new policy mandates that QDII quotas must be prioritized for public funds, with a deadline for adjustments set for the end of 2027 [6][8]. - By the end of 2026, fund companies are required to reallocate existing quotas to ensure public offerings are prioritized [8]. Group 2: Market Demand and Supply - As of the latest data, the total approved QDII quota stands at $170.87 billion, with $94.29 billion allocated to securities funds, indicating a high demand for these products [13]. - In 2025 alone, 19 new public QDII funds were established, raising $19.48 billion, highlighting the increasing demand for overseas investments [13]. Group 3: Impact on Investors - Currently, 60% of QDII funds have suspended or limited large purchases, with some allowing only minimal daily investments, reflecting the tight quota situation [15]. - The premium rates for secondary market purchases of QDII funds have exceeded 20%, indicating a significant cost for investors seeking to buy these assets [17]. Group 4: Historical Context and Future Outlook - The QDII system has evolved since its inception in 2006, with various quota management policies implemented over the years to address supply and demand issues [19][20]. - Future adjustments may lead to a more market-oriented quota management system, potentially allowing for dynamic adjustments based on market demand [22].