Reported 4 months ago
Global fund launches in China have surged due to a weakening yuan and a struggling economy, with 11 funds launched under the Qualified Domestic Limited Partner (QDLP) program so far this year, surpassing previous yearly totals. Managers like Blackstone and Bridgewater have seen high demand for funds investing in overseas assets, driven by a weak yuan and investor sentiment. The products are popular amid Chinese market challenges, such as the yuan hitting six-month lows and the stock market showing signs of fatigue, prompting interest in alternative investments and foreign bonds.
Source: YAHOO