(MENAFN- Asia Times) The State Administration of Foreign Exchange said on Tuesday that it has widened the quotas of QDLP and QDIE, two outbound investment schemes in Shanghai and Shenzhen, with the aim of liberalizing the financial market, The Paper reported.
The foreign exchange regulator said it would increase the quotas of the two schemes to US$5 billion each.
Qualified Domestic Limited Partner (QDLP), which refers to fund managers set up in China that raise funds domestically in private equity circles and invest in the overseas secondary market, was launched in Shanghai in 2013.
Qualified Domestic Investment Enterprise (QDIE) is a similar pilot program in Shenzhen, allowing domestic investors to park their money in foreign private companies, hedge funds and real estate.
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