Metori Capital is the first foreign fund manager to set up a WFOE in Zhuhai, which is in the Greater Bay Area. Separately, Oaktree Capital has also received the PFM qualification.
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Metori Capital is the first foreign fund manager to set up a WFOE in Zhuhai, which is in the Greater Bay Area. Separately, Oaktree Capital has also received the PFM qualification.
In total, seven foreign firms have applied to participate in the QDLP programme that was recently launched in the capital, including Amundi and Bridgewater Associates.
The US firm has been approved for its second QDLP product, which allows it to gather domestic money to invest offshore.
Other alternative asset managers have also established their presence in China.
Despite challenges to commodity and energy-related sectors, corporate fundamentals remain stable with default rates in the high-yield bond market at historic lows, according to Shannon Ward, managing director at Oaktree Capital.
Part of the Mark Allen Group.