Shanghai set to issue new QDLP rules: source

China has been opening up its investment industry at such a rapid pace in recent years that the next development could come in any number of areas. Two areas on which international asset managers are eagerly awaiting updates concern the scope of activities of wholly foreign-owned enterprises (WFOEs) and the qualified domestic limited partnership (QDLP) scheme. A rising number of foreign fund houses have received or are seeking a licence to set up a WFOE, but they want more clari…