FoHF manager’s JV wins flexible QDLP permit
Persistent AM’s tie-up with GF Asset Management is the first registered in Shanghai’s free-trade zone to get a QDLP quota amid reform. It plans to launch a product next month.
Hong Kong-based fund-of-hedge-fund manager Persistent Asset Management has won a qualified domestic limited partnership (QDLP) licence via its joint venture with Guangzhou-based GF Asset Management.
It comes after the Shanghai Municipal People’s Government moved to reform the city’s free-trade zone as a testing ground for cross-border investment. It is studying whether to expand free-trade accounts, including the scope and size of cross-border RMB transactions, to encourage differ…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.