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 provides a new window of opportunity for both overseas hedge funds and Chinese domestic investors, there are a number of issues that need to be managed by asset managers,”…