Regulators draw up QDII2 rules

The China Securities Regulatory Commission said on Friday that it is "actively cooperating" with the central bank to formulate regulations governing the planned qualified domestic individual investor program, also known as QDII2.

A detailed timetable will be released later, according to a CSRC spokesman.

"In order to protect the interests of small and medium-sized investors, we are sorting out policies, working mechanisms and the implementation effects," the spokesman said.