On February 9, Beijing Daotai Lianghe Private Equity Fund Management Co., Ltd., the resident institution of Beijing Fund Town, completed the registration of Wholly Foreign Owned Private Equity Fund Manager (WOFE PFM) in the China Securities Investment Fund Industry Association, becoming the first company in It is a foreign private equity securities manager registered in my country and the first foreign private equity securities investment fund manager in Beijing.
Beijing Daotai Lianghe Private Equity Fund Management Co., Ltd. was established on July 21, 2021 with a registered capital of US$15 million.
On September 3 of the same year, as a multi-level and high-level opening result of Beijing's financial sector, it officially signed a contract to settle in Beijing Fund Town at the 2021 China International Fair for Trade in Services.
Beijing Fund Town is a national-level fund town fund institution service standardization pilot and the first batch of Beijing service trade demonstration bases. It adheres to open development and combines the "going out" of service trade with the "bringing in" of fund-related institutions. It has attracted a group of world-leading private equity fund institutions such as Lone Star Fund and Bain Capital to settle in.
The relevant person in charge of Beijing Fund Town said that Beijing Fund Town will, as always, continue to optimize the business environment, build a professional, efficient and open service platform to serve the high-level opening of my country's capital market and the construction of the capital's "two districts"; at the same time, Strengthen the prevention of financial risks, create an honest and safe fund industry ecosystem, rely on the national investor education base to guide the settled institutions to continuously improve the professional operation level and compliance operation awareness, strengthen investor education, protect the legitimate rights and interests of investors, Opening up promotes high-quality development.
According to the data, Beijing Daotai Lianghe is a wholly-owned subsidiary of Singapore DTL quantitative investment management company (Dynamic Technology Lab Private Limited).
DTL is a high-tech investment institution with an asset management scale of US$3 billion (equivalent to RMB 19.1 billion), and its daily global transaction volume exceeds US$600 million.
The introduction of foreign private equity and compliance development will have a positive demonstration effect on the gathering of global asset management institutions in Beijing.
In recent years, the degree of foreign participation in my country's private equity fund sector has steadily increased.
According to the data of the China Fund Industry Association, since 2016, the "Answer to Questions Related to Private Fund Registration and Filing (10)" has been released, which clarifies that wholly foreign-owned and joint venture private fund management institutions can carry out private securities fund management business in China. As of December 30, 2021 As of today, my country has registered 38 foreign private equity fund managers, actively managing 142 products, with a management scale of 34.195 billion yuan. The parent companies of foreign private equity managers are located in major capital markets such as North America, Asia, Europe and Africa.
Opening up to stimulate the vitality of the private equity market is gradually emerging, and is becoming an important driving force for the development of the private equity industry.