Politics & Regulation

Shanghai readies first batch of hedge funds under QDLP

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Shanghai regulators are expected to shortly announce the first set of hedge fund managers allowed to operate in China under the Qualified Domestic Limited Partner (QDLP) programme.

Sources say the Shanghai Financial Services Office is likely to make the announcement within the third quarter of this year and that three to four large players are expected to receive the majority of the $5 billion quota under the initiative.

The Beijing office of the London-based investment bank North Square Blue Oak said only managers with a low-risk investment strategy and running a minimum of $10 billion in assets can