Financials Jun 10, 2021 11:59 AM (GMT+8) · EqualOcean
Pan Gongsheng, vice governor of the people's Bank of China and director of the State Administration of foreign exchange, said at the Lujiazui Forum on June 10 that he would promote the reform of cross-border investment of private equity funds. Support private equity investment funds to carry out cross-border industrial and industrial investment, facilitate excellent international asset management institutions to settle in Shanghai, and assist the construction of Shanghai Global Asset Management Center. We will expand the pilot of qualified domestic limited partners (qdlp) in an orderly manner, increase the scale of the pilot, and support qualified domestic limited partners to invest in the equity and creditor's rights of overseas enterprises. It is planned to carry out the pilot of qualified overseas limited partner (qflp) in Lingang New District of Shanghai Free Trade Zone, so as to help Shanghai become an important wealth management and asset management market in the world.