Chinese investors flock to US stocks as Beijing eases investment rules

One Chinese asset manager raised its daily investment cap by 500x on a Monday, then slashed it by 98% on Tuesday. That sequence tells you everything about the intensity of demand from Chinese investors trying to get their money into US stocks. Beijing’s foreign exchange regulator expanded the Qualified Domestic Institutional Investor (QDII) quota by $6.8 billion in August 2026, pushing the total to a record $183 billion. The program, which serves as the primary legal channel for mainland Chinese investors to access foreign securities, is now seeing a rush of capital that even the expanded limits can barely contain. The fund that couldn’t handle its own popularity Wanjia Asset Management runs a QDII fund that tracks the Nasdaq 100. On September 9, the firm raised its daily inflow cap from 10 yuan to 5,000 yuan, a dramatic loosening designed to let investors participate in the newly available quota. It lasted roughly 24 hours. By the next day, subscriptions had flooded in so fast that Wanjia reversed course and capped daily contributions at just 100 yuan. That’s about $14, barely enough to buy a fraction of a single Nvidia share. Wanjia wasn’t alone in scrambling to manage the deluge...