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.
.jpg&c=1&h=677&q=100&v=20245231&w=1204)
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.
The firm is offloading its 49% stake in Goldstate Capital Fund Management, to Shanghai Quanyi Financial Information, a subsidiary of Yuanan Jiutian Investment Enterprises for Rmb45 million ($7 million).
Valu…
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.