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Foreign capital giant KKR joins in QDLP scheme in Hainan FTP

2022-06-11
On April 21st, KKR Investment Management (Hainan) registered to operate as a Qualified Domestic Limited Partner (QDLP) pilot enterprise in China’s southern province of Hainan. The company was established by KKR Asia in November 2021 as a sub-subsidiary of Kohlberg Kravis Roberts & Co. L.P (KKR), a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions.
 

To make foreign trade and investment in the province more convenient and free, Hainan rolled out interim measures for QDLP management in April 2021. Under the QDLP scheme, licensed international asset managers are permitted to raise certain amounts of RMB from qualified institutions and Chinese High Net Wealth Individuals (HNWIs) for offshore investment. That’s not all. When compared with other similar policies in other parts of the world, the QDLP policies on the free trade island of Hainan boast more flexibility and convenience. Advantages include lower access requirements, lower investment amounts, simplified review & approval procedures, and more.


Following the release of the interim measures, in last October Hainan announced the first list of approved QDLP pilot enterprises in the province, which included KKR. This is a reflection of the foreign capital giant’s interest and recognition of the financial policies as well as the investment opportunities offered on the tropical island of Hainan.