China QDLP Program Creates New Challenges For Asset Managers
China gave six hedge funds the right to raise funds in yuan for international investments earlier this year in the experimental Qualified Domestic Limited Partner (QDLP) program in Shanghai, a first step toward opening the country’s markets and internationalizing its currency. Now that the program has had a few months to get going, Kenny Lam, tax partner at PricewaterhouseCooper Shanghai, explains what this means for asset managers.
“While the QDLP program . . .
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