Value Partners wins QDLP, sells China JV
Having received a QDLP licence, the Hong Kong fund house is selling its China joint venture and targeting mainland retail and high-net-worth clients via a three-pronged strategy.
Hong Kong asset manager Value Partners yesterday won a qualified domestic limited partner licence and received $100 million in QDLP quota. This represents the third prong in its strategy for developing its China business and has led to the sale of its mainland joint venture.
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