Since March, affected by multiple factors, overseas markets have fallen sharply, the net value of QDII funds has declined in an all-round way, and investors are willing to catch the bottom, which directly leads to the exhaustion of foreign exchange quotas of many fund companies. In the face of the purchase demand of blowout, many QDII funds have restricted large amount purchase transactions since yesterday, and many QDII funds under E-fund have even suspended their purchase.

According to wind data, as of March 10, the net value of 36 equity QDII funds (different shares are counted separately) has declined by 5.94% on average since March, while that of 68 bond QDII funds (different shares are counted separately) has declined by 1.1% on average since March. The sharp drop in overseas market aroused investors' enthusiasm for bottom hunting, especially the sharp drop in the net value of crude oil QDII fund, which triggered investors' rush to buy.

The enthusiasm of investors to catch the bottom of crude oil QDII fund accelerated the consumption of foreign exchange quota of fund companies. The tight foreign exchange quota of many fund companies has affected the transaction of several QDII funds. According to the announcement issued by China Guangfa Fund, Nasdaq 100 of China Guangfa is limited to purchase transactions of more than 2000 yuan from March 11; Dacheng Fund is limited to purchase transactions of more than 50000 yuan from March 12, according to the announcement issued by Dacheng Standard & Poor's 500 and other weight indexes.

It is worth noting that the foreign exchange quota of E-fund is all used up, and many of its QDII funds are directly closed to customers. E-fund announced yesterday that due to the limitation of foreign exchange quota, QDII funds such as E-fund China Overseas China Internet 50ETF connection, E-fund S&P 500 Index, E-fund S&P consumer goods index enhancement, E-fund S&P Biotechnology Index and E-fund gold theme have been suspended from subscription and order since March 11.

A public fundraiser in Beijing said that in the recent global market turmoil, the stock market, bond market, crude oil and other markets have been greatly revised back. Some investors use QDII fund to catch the bottom of the overseas market, especially the bottom of crude oil. Even tens of millions of yuan of subscription has appeared among individual investors, which directly leads to the substantial consumption of the foreign exchange quota of the fund company. The foreign exchange quota of E-fund has been exhausted, while the foreign exchange quota of others with crude oil QDII products is relatively tight.

When will the suspended QDII fund open its subscription? No specific time has been given by the relevant fund companies, and the resumption of subscription will be announced separately. Behind the urgency of the foreign exchange quota is the fact that public fund companies haven't increased their foreign exchange quota in the past year. The latest foreign exchange quota expansion was on April 29, 2019. The fund companies with relatively large foreign exchange quota mainly include Huaxia, Harvest Fund, South Fund, E-fund, etc. Among them, the foreign exchange quota of Huaxia Fund is US $3.65 billion, the foreign exchange quota of Harvest Fund is US $3.4 billion, and the foreign exchange quota of E-fund is the third, which is 2.85 billion; the fourth is South Fund, which is US $2.75 billion. As of the publication, Huaxia Fund and Harvest Fund have not restricted the purchase of QDII fund on a large scale.

3月以来，受多重因素的影响，海外市场纷纷大跌，合格境内机构投资者（QDII）基金净值全面下挫，投资者抄底意愿强烈，直接导致多家基金公司的外汇额度告罄。面对井喷的申购需求，多只QDII基金昨日起纷纷限制大额申购交易，易方达基金旗下多只QDII基金甚至全面暂停申购。

Wind数据显示，截至3月10日，36只股票型QDII基金（不同份额分开统计）3月以来的净值平均下跌5.94%，68只债券型QDII基金净值（不同份额分开统计）3月以来平均下跌1.1%。海外市场大跌，激起投资者抄底的热情，特别是原油QDII基金净值大跌，引发投资者抢购。

投资者抄底原油QDII基金的热情加速了基金公司外汇额度的消耗，多家基金公司的外汇额度吃紧，已影响到多只QDII基金的交易。广发基金发布公告称，广发纳斯达克100自3月11日起限2000元人民币以上的申购交易；大成基金发布公告称，大成标普500等权重指数自3月12日起限5万元人民币以上的大额申购。

值得注意的是，易方达基金的外汇额度全部用完，旗下的多只QDII基金直接闭门谢客。易方达基金昨日发布公告称，因外汇额度限制，易方达中证海外中国互联网50ETF联接、易方达标普500指数、易方达标普消费品指数增强、易方达标普生物科技指数、易方达黄金主题等QDII基金自3月11日起暂停申购、定投。

北京一家公募人士表示，近期全球市场震荡，股市、债市、原油等市场大幅回调，部分投资者借道QDII基金抄底海外市场，特别是抄底原油，个人投资者中甚至出现上千万元的申购，直接导致基金公司的外汇额度大幅消耗，易方达基金的外汇额度已告罄，其他有原油QDII产品的基金公司外汇额度都比较紧。

暂停申购的QDII基金何时会打开申购？相关基金公司均未给出明确时间，恢复申购将另行公告。外汇额度告急的背后，是公募基金公司近一年来一直未获增外汇额度，最近一次外汇额度扩容是2019年4月29日，外汇额度相对较多的基金公司主要有华夏、嘉实、南方、易方达等。其中，华夏基金的外汇额度为36.5亿美元，嘉实基金的外汇额度为34亿美元，易方达基金的外汇额度排第三，为28.5亿元；第四为南方基金，外汇额度有27.5亿美元。截至发稿，华夏基金、嘉实基金尚未对QDII基金大规模限购。