The upgrade of the Qualified Domestic Institutional Investor (QDII2) scheme in China could be beneficial to New Zealand if the influx of money is channelled towards new housing development, reports the New Zealand Herald (28 June 2015). The housing shortage of Auckland could face a dire situation in the next few years but according to’s latest report, the QDII2 programme could drive Chinese buyers to potentially invest as much as US$97 billion in New Zealand. "With QDII2 in mind, within five years we might look back and think of the current levels of Chinese cross-border investment as quaint," says Andrew Taylor, Co-CEO of