State Administration of Foreign Exchange Plans to Add Chongqing to Launch QDLP Pilots

Original title: The State Administration of Foreign Exchange plans to add Chongqing to launch the QDLP pilot

Recently, some media reported that the countryForeign exchangeadministrationThe office will expand the qualified national limited companies in Shanghai, Beijing and Shenzhen respectively.camaraderie(QDLP) /investmentcompany(QDIE) The pilot scale further meets the global asset allocation needs of domestic investors.

At the same time, it will steadily expand the QDLP pilot area. It is planned to add the Hainan Free Trade Port and Chongqing Municipality to carry out QDLP pilot projects to better support the construction and development of the Hainan Free Trade Port.Chengyu Economic Circledevelopment of.

It is understood that the State Administration of Foreign Exchange launched the Qualified National Limited Company (QDLP) / Investment Company (QDIE) pilot tests in Shanghai and Shenzhen in October 2013 and December 2014, respectively.

QDLP pilot program enables fundraising for domestic investorsRMBbackgroundAnd invest the funds raised abroadmarket.versusQDIIThe fund invests primarily in foreign secondary markets.Public offerThe difference between the fund is that QDLP has a wider investment range, except for the foreign secondary market.Raised funds, Also investHedge fund、Private placementEquity funds, REIT (notmovable propertyinvestmentTrustBackgrounds) and other varieties.

Since its launch, the pilot scale has gradually increased. On November 23, at the 2020 China-Singapore Financial Summit in Chongqing, Xuan Changneng, deputy director of the State Administration of Foreign Exchange, said that in the past three years, Chongqing has successively implemented facilitation of foreign exchange trade receipts and payments , the facilitation of income payments from the capital account andthe external debtMore than 20 registration facilitationExchange policyInnovation pilot, financial currenciesServiceReal economyEfficiency continues to improve. The foreign exchange management department will continue to support the openness and innovation of Chongqing, and will support the expansion and deepening of China-Singapore financial cooperation.

Xuan Changneng stated that the foreign exchange management department will actively support Chongqing’s financial innovation and development with a high-level two-way opening of the financial market, explore the implementation of qualified national limited partners (QDLP) pilot projects, and support the “incorporation “high-quality and” high-level “introduction” and “Chongqing’s high standard.” outside”.

Industry experts believe that, as an important part of promoting the two-way opening of financial marketsmechanismFirst, the orderly progress of the QDLP pilot program has broadened the channels and scope of investment for domestic investors to “globalize” and cooperate with other market opening mechanisms to jointly promote the interconnection of domestic financial markets and foreign.

(Source: Upstream News)

(Responsible editor: DF537)