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Qianhai to be offshore financial hub

2017-March-24       Source: Szdaily.com

With various financial innovations, Qianhai now has attracted about 5,300 financial companies, according to Li Yuhong, project director of Foresea Cube, at Wednesday’s Qianhai Finance Forum.

With various financial innovations, Qianhai now has attracted about 5,300 financial companies, according to Li Yuhong, project director of Foresea Cube, at Wednesday’s Qianhai Finance Forum.

Li, a professional policy analyst, said that Qianhai’s growth regarding renminbi, cross-border foreign currency funding, Qualified Foreign Limited Partner (QFLP) and Qualified Domestic Limited Partner (QDLP) has surpassed Shanghai Free Trade Zone.

Li Jingwen, partner of Dacheng Law Offices’ Shenzhen branch, said that Qianhai would become another offshore financial center for Chinese investors as the area gathers many private equity institutions, and China is witnessing another fervor of issuing private equity funds overseas.

Besides the growth of private equity businesses, Li Jingwen also mentioned that the number of financial lease enterprises in Qianhai ranked first in the country, creating more ways for investors to conduct equity trading.

Editor: Will

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