HSBC becomes first foreign bank to offer QDLP asset plan in Mainland

According to Sina, HSBC said in an email statement that its Chinese subsidiary launched a Qualified Domestic Limited Partnership (QDLP) program on Monday.

According to Sina, HSBC said in an email statement that its Chinese subsidiary launched a Qualified Domestic Limited Partnership (QDLP) program on Monday.

The bank became the first international bank to sell QDLP asset management plans to qualified high net worth investors in Mainland China.

HSBC partnered with China International Fund Management to launch the first asset management plan to invest in QDLP.

Li Feng, Director of HSBC China Retail Banking and Wealth Management Business Unit, said the new plan will help clients diversify their investments and take advantage of overseas opportunities when the global market is full of uncertainties.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/01/hsbc-becomes-first-foreign-bank-to-offer-qdlp-asset-plan-in-mainland/.

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