NEWS
SAFE grants Value Partners US$100 million QFII quota
14 January 2013
Category:
News, Asia, China, Hong Kong
By Asia Asset Management
China’s State Administration of Foreign Exchange (SAFE) has granted Value Partners Hong Kong Limited a Qualified Foreign Institutional Investors (QFII) quota of US$100 million to use in its investment funds. The QFII scheme, which was launched in 2002, allows licensed foreign investors to invest directly in the A-share market in China.
Timothy Tse, chief executive officer at Value Partners Group Limited, remarked: “Value Partners holds a positive outlook for China’s A-share market, and will fully utilise its QFII quota to increase the investment exposure of its existing funds as well as to offer a wider choice of A-share related products to our clients globally.”
In terms of how the company intends to allocate its quota, a spokesperson from Value Partners responded to Asia Asset Management saying: "Given we are still planning the launch of the new funds, we cannot be specific about the product details. However, you may know that Value Partners is an Asian leader in value investing and our new funds will follow the value investing principle too."
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