China’s measures to further encourage QDII investment

By Hubert Tse
Yuan Tai PRC Attorneys

Since the China Securities Regulatory Commission (CSRC), China Banking Regulatory Commission (CBRC) and the China Insurance Regulatory Commission (CIRC) issued the provisional Qualified Domestic Institutional (QDII) regulations in 2006/2007 allowing domestic banks, fund management companies (FMCs), trust companies, insurers and securities firms to undertake offshore investment under the landmark QDII program, international asset managers and financial institutions have since been busy looking to secure mandates from the QDIIs to advise them on their QDII investment worldwide.

Yuan Tai has advised China Southern Fund Management Co. and ICBC-Credit Suisse Asset Management on their first QDII fund launches and is currently also advising a number of leading international asset managers from the US, Europe and Asia on their offshore advisor mandate they are looking to secure from Chinese FMCs.