PR92713

QINGDAO, China, Oct. 29, 2021 /PRNewswire=KYODO JBN/ --

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

Photo - https://mma.prnewswire.com/media/1674167/Stadt_Qingdao_1.jpg

Photo - https://mma.prnewswire.com/media/1674168/Stadt_Qingdao_2.jpg

Logo - https://mma.prnewswire.com/media/1245709/Qingdao_Logo.jpg

Source: Stadt Qingdao