QDLP gaining favour among foreign fund houses
At least 10 fund houses are seeking licences under the qualified domestic limited partnership cross-border investment scheme, which is increasingly being used for traditional mutual funds.
At least 10 international fund houses are seeking licences under Shanghai's qualified domestic limited partnership (QDLP) programme, one of China's cross-border investment schemes, according to a survey by Standard Chartered of some 900 industry participants globally.
This comes amid relatively slow take-up of another cross-border investment scheme – the Hong Kong-China mutual recognition of funds (MRF) programme – and as fund managers have shifted away from the traditional joint-…
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