Several global asset management institutions have settled in Shanghai’s Lujiazui to expand their “circle of friends”

　　China News Service, Shanghai, February 28 (Reporter Li Shuzheng) Lujiazui Financial City, the core functional area of ​​Shanghai Global Asset Management Center, welcomed new members to settle on the 28th.

　　At the "2024 Lujiazui Financial City Global Asset Management Partner Conference" held that day, five companies including Kuanli Capital, Schroder Capital, and the alternative subsidiary of Hwabao Securities signed contracts to settle in Lujiazui Financial City.

Lujiazui expands its “asset management circle of friends” again.

　　Among them, Kuanli Capital, headquartered in London, has a global asset management scale of US$8 billion, and Shanghai is the third business office in their global layout.

　　"We hope to seize market demand in the short to medium term, and continue to invest and expand our Chinese business in the medium to long term." Li You, chief compliance officer of Kuanli Capital China, said in an interview with reporters that day, in addition to applying for registration of foreign private equity In addition to fund managers (WFOE PFM), Kuanli Capital will also explore the development of qualified domestic limited partners (QDLP) business.

　　As early as 2021, Lujiazui started to build a global asset management gathering area.

At present, 27 asset management institutions in Lujiazui Financial City have obtained the qualification of wholly foreign-owned private equity investment fund managers.

Many organizations have successfully established their business in China.

　　"Just last year, our China public fund business took off and successfully launched fund products covering multiple asset classes including stocks and bonds." said Huang Xiaoyi, managing director of Fidelity International China.

　　Attracting international financial institutions to settle down and introducing global investors...Shanghai is carrying out a lot of practice in promoting financial opening up.

"Promoting two-way financial opening up" and "implementing the Global Asset Management Partnership Plan" are important opening tasks mentioned in the Pudong comprehensive reform plan; after Shanghai issued "Several Measures to Further Promote the High-Quality Development of Shanghai's Equity Investment Industry", QFLP (Qualified Foreign Asset Management) Limited partners) pilots, S fund development and other areas will also usher in further deepening.

　　Xiao Jian, director of the Lujiazui Administration Bureau of the China (Shanghai) Pilot Free Trade Zone Management Committee, said that in the future, Lujiazui will make efforts in three aspects: optimizing the business environment, promoting industry cooperation, and leveraging institutional integration to promote more global financial institutions in Lujiazui. Bigger and stronger.

　　According to official disclosures here, the Lujiazui Administration Bureau is taking the lead in studying and formulating Shanghai's regulations to promote the construction of the Pudong New Area Asset Management Center, and will also promote the study of Lujiazui international asset management investment evaluation standards.

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