QDIE quota shortage for 30 new licences: sources
Shenzhen is believed to have handed out licences – but only $1 billion in extra quota – to another 30 fund houses under its QDIE cross-border alternative investment scheme.
Shenzhen’s Financial Services Office (FSO) has reportedly handed out around 30 new licences but only $1 billion in fresh quota under the QDIE programme in recent weeks, amid rising demand for foreign assets.
The qualified domestic investment enterprise (QDIE) scheme is Shenzhen's equivalent of Shanghai's qualified domestic limited partner (QDLP) programme. Each allows wealthy investors to make offshore alternative investments.
Three QDIE licences have been awarded to Shenzhen-b…
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