To facilitate the launch of the QDLP programme, BNPP AM founded its WFOE joint venture in December 2014, one of the first WFOE firms to operate in the Shanghai free trade area. Since then, BNPP AM has acquired RQFII licenses in Paris, Hong Kong and South Korea. In September 2014, BNPP AM was one of the first asset management firms in the euro zone to receive the status of renminbi qualified foreign institutional investor (RQFII). In a promising environment for socially responsible investment, BNPP AM is positioning itself a the top international asset manager with a QDLP quota to offer a managed fund on the basis of environmental, social and governance (ESG) criteria,” a statement says.Since 2004, BNPP AM has been offering its international client exposure to the Chinese market as part of the qualified foreign institutional investor (QFII) regime. After our 30-day free trial, you may decide to use eM Client Free license or upgrade to the Pro version at any time. “Continental Chinese investors are showing a growing interest in sustainable investments, largely thanks to the support of the Chinese government and organizations in the sector. Get started with the best free desktop email client for Windows. This permits the entity to sell funds in continental China without the intermediary of a local player in a joint venture. BNP Paribas Asset Management on 14 May announced that its WFOE (wholly foreign-owned equity) entity BNP Paribas Overseas Investment Fund Management (Shanghai) Co., Limited, has obtained the QDLP or Qualified Domestic Limited Partner qualification.
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