Ten foreign managers have now received Qualified Domestic Limited Partnership (QDLP) licences after China revived the programme at the beginning of the year.

Ten foreign managers have now received Qualified Domestic Limited Partnership (QDLP) licences after China revived the programme at the beginning of the year.
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At least eight foreign managers have received QDLP licences after China revived the programme at the beginning of the year.
Global asset managers are setting up in China, but lack of an onshore track record and brand recognition are among the challenges they face with onshore distribution, according to Aberdeen Standard and Fullerton.
Barings, Income Partners and Van Eck Associates have recently set up in China, while three other firms secured a licence to distribute funds to domestic professional investors.
Foreign firms continue to build a base in China’s private fund market by becoming eligible to launch products for domestic institutional and high net worth investors.
NB’s wholly foreign-owned enterprise (WFOE) in Shanghai has received approval for the qualified domestic limited partnership (QDLP) scheme.
BNP Paribas Asset Management will use the qualified domestic limited partnership (QDLP) scheme to launch an ESG equity product through its WFOE in Shanghai.
China has relaxed its outbound investment schemes with the revival of the qualified domestic institutional investor (QDII) programme and the expansion of two other outbound programmes, according to records from China’s State Administration of Foreign Exchange (SAFE).
The firm intends to launch its first onshore fund and apply for a qualified domestic limited partnership (QDLP) licence, according to Mark Li, Shanghai-based general manager and head of China sales at Fullerton Investment Management (Shanghai).
Part of the Mark Allen Group.