First Eastern expects to pioneer QFII investment
Editor's note: Buoyed by the news that China plans to raise the limits on inbound portfolio investments and shorten their lockup period, foreign private equity (PE) firms are now keen to increase their quota and invest their yuan-dominated private equity funds.
The Hong Kong-based First Eastern Investment Group is aiming to be the first use the new Qualified Foreign Institutional Investors (QFII) legislation to invest in its Shanghai-based subsidiary. The company's chairman, Victor Chu, outlines its plans in an exclusive interview with China Daily reporter Bi Xiaoning at the Summer Davos in Dalian.
Q: Finding enough qualified domestic limited partners (LP) has long been the problem for private equity firms looking to raise capital. In your opinion, is it as challenging for foreign companies to raise yuan-dominated funds?
