There are a few other channels that currently allow onshore investors to buy securities overseas. These include the Qualified Domestic Institutional Investor (QDII), RMB Qualified Domestic Institutional Investor, and the Qualified Domestic Limited Partnership (QDLP). But investors have limited options through these programs as they cannot independently choose bond types and when to buy or sell, according to a state media report. The southbound link is likely to allow domestic investors more autonomy in trading. Another investment channel, a wealth management program known as Wealth Connect, is also set to launch in the second half of 2021. That program will allow eligible residents in nine southern Chinese cities such as Shenzhen to invest across the border in Hong Kong and vice versa.