Breaking News

China-SCO Local Economic Cooperation Demonstration Zone in Qingdao ushers in the first overseas investment fund

QINGDAO, China, Oct. 29, 2021 /PRNewswire/ — 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

Photo –
Photo –
Logo –





Check Also

Establishing a thousand-year-old friendship on the Silk Road during decade of common prosperity

FUZHOU, China, Sept. 27, 2023 /Xinhua-AsiaNet/– This year marks the tenth anniversary of the major initiative of jointly building the “the Belt and Road” and the important concept of building a community with a shared future for mankind. The Silk Road International Film Festival also celebrated its tenth anniversary. From September 23rd to 27th, the […]