Since 2002 the Qualified Foreign Institutional Investor (QFII) programme has been an unqualified success, swiftly establishing itself as the favoured route for overseas investors to gain exposure to China’s domestic capital markets. It is mirrored by the Qualified Domestic Institutional Investor (QDII) programme, which provides domestic investors with access to offshore securities and bond markets and, since 2011, by the hugely popular RMB Qualified Institutional Investor (RQFII) scheme.
Deacons is firmly at the forefront of the liberalisation of China’s asset management sector. We act continually for both retail and private investment funds investing into China, as well as representing PRC entities on outbound work.
Our experience of RMB Qualified Foreign Institutional Investor (RQFII) issues is unmatched in terms of advising on SFC authorised RQFII Funds as well as private funds and managed accounts. As the RQFII scheme expands we have helped many leading international fund managers to set up RQFII products and obtain quotas. As of October 2014, we act for 70 RQFII license holders comprising 75% of the market.
Meanwhile in the QFII arena we have assisted more than 30 major clients, including global fund managers and pension funds, with a variety of issues relating to market entry and regulatory compliance. Outbound work has included advising a large number of PRC fund management companies and securities companies on setting up HK SFC licensed subsidiaries in Hong Kong.
Our experienced team can assist you with the complex process of obtaining approvals, establishing funds and reviewing agreements. We also offer a dedicated team of Mandarin-speaking advisors which makes us a particularly attractive choice for sophisticated investors.
If you would like to discuss in more detail how we could help your company with anything related to investments in China, we would be delighted to hear from you.