Regulators in China cleared a proposal to allow Chinese investors to target Canadian markets after a scheme which permits Chinese to invest savings outside their country. These reports were confirmed by Canadian government.   
As part of its QDII or Qualified Domestic Institutional Investor program, Canada has been approved as the destination which allows Chinese banks and institutional investors to invest in approved overseas countries and their markets.      
This plan was approved by Chinese authorities in 2006 to allow Chinese savings to be invested outside the country. Economists stress that this step reduces pressure on Chinese currency to increase due to raised capital outflows.     
But fresh approvals were stopped from May 2008 to October 2009. This was the result of ongoing global crisis, which send markets around the world in a tailspin. This was done after a spate of heavy losses suffered by the Chinese on QDII products.
Economic experts argue that it proves the growing Chinese capacity to invest beyond the traditional markets and verticals. China’s growing economic clout has already forced many to view the country differently. Many developed countries need Chinese markets and capital for their business development.
Even Canada acknowledges the growing importance of Chinese capital and its impact on Canadian markets. Finance Minister, Jim Flaherty revealed in a statement that the agreement between two countries will allow $8 billion to be invested in Canadian markets.