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May 2023
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May 2023
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Singapore’s ADDX, China Construction Bank ink US$200 million QDLP pact

Launched in 2012, the QDLP scheme allows sophisticated investors in China to take part in onshore funds focused on overseas investment opportunities
By Goh Thean Eu   
June 27, 2022

Singapore private market exchange ADDX is teaming up with Beijing-based China Construction Bank to allow the lender to offer Mainland investors access to products on ADDX’s platform.

This will be done through a US$200 million quota under China’s Qualified Domestic Limited Partnership scheme (QDLP). QDLP is a ten-year-old programme that allows sophisticated local investors to invest in onshore funds that invest overseas, including public and private markets investment products.

ADDX and China Construction Bank have signed a memorandum of understanding to work together on the custody and distribution of the quota allocation, ADDX says in a statement.

“As Asia’s largest private market exchange, ADDX is eager to bring the global investment opportunities on our platform to China, Asia’s largest wealth management market,” Chief Executive Officer Choo Oi-Yee says in the statement. “By allowing domestic capital to buy into high-quality offshore assets, China is ensuring its investors can build globally diversified portfolios that are best positioned to preserve and expand gains from the opening-up of the country’s economy over the past few decades.”

China Construction Bank has 14,510 branches in China and more than 351,000 employees, with a market capitalisation of over $175 billion as of end-2021.