Ulaanbaatar
China-SCO Local Economic Cooperation Demonstration Zone in Qingdao ushers in the first overseas investment fund
Economy
Ulaanbaatar /MONTSAME/. At the 2021 China-SCO Countries Financial Cooperation and Capital Market
Development Forum that opened in Jiaozhou, Qingdao on Oct 28, the
China-Shanghai Cooperation Organization Demonstration Zone for Local Economic
and Trade Cooperation, which is located in the Jiaozhou Economic and
Technological Development Zone, ushered in the first overseas investment fund.
The fund is the first QDLP fund under Qingdao’s Qualified Domestic Limited
Partnership (QDLP) scheme. QDLP is a pilot program developed by Chinese local
authorities for the purpose of facilitating cross-border asset allocation. It
allows global asset managers to raise Renminbi from investors in China to
invest in overseas traditional and alternative assets such as hedge funds,
private equity funds, and REITs. Qingdao has been assigned a quota of US$ 3
billion for piloting the QDLP scheme.
The China-SCO local economic cooperation demonstration zone will run the
fund in collaboration with Sino-Russian Energy Investment Private Equity Fund
Management (Qingdao) Co Ltd. At the forum, it also signed agreements with Kazakhstan’s
Astana International Financial Centre, CICC Capital and other domestic and
overseas capital management organizations to launch cooperation in promoting cross-border
capital flows.
Contact：Zhu Yiling
Tel.：0086-532-85911619
Website：http://www.qingdaochina.org
Facebook：https://www.facebook.com/qingdaocity
Twitter：https://twitter.com/loveqingdao
