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Clifford Chance

Clifford Chance


Shenzhen QDIE Program–An Overview and Comparison with the QDLP Program

19 May 2015

Domestic and foreign asset managers have recently developed an increasing interest in the Shenzhen Qualified Domestic Investment Enterprise program.

This is because it provides an advanced framework for onshore investors to invest in asset classes overseas which are not otherwise permitted under the Qualified Domestic Institutional Investor (QDII) regime. Compared to other similar regimes in localities such as Shanghai and Tianjin, the Shenzhen-QDIE program sets a lower minimum size requirement on the onshore fund and the amount of subscription per qualified investor. It also allows a broader permissible scope of investment in the overseas market beyond merely the public market. The Shenzhen-QDIE program is seen to provide a new source of capital and investment and is envisaged to promote the asset management industry of the local economy.

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