China's 2008 Fund Outflow May Hit $246 Bln -HSBC

0109 GMT [Dow Jones] HSBC strategist Garry Evans says China's total overseas portfolio investment quota next year may soar to $246 billion from existing QDII quota of $40 billion; notes such funds include QDII, insurers, Chinese Investment Corp, retailer investors. Says new guideline on investment cap in any one market may suggest $153 billion of that will be outside HK; China QDII fund managers showing growing interest in investing in overseas stocks in order of Korea, Singapore, Australia, Taiwan and India. (AOR)