Sanya QFLP fund boosts innovation in Hainan FTP

The Qualified Foreign Limited Partnership (QFLP) fund set up by Zhen Fund and MSA Capital in Sanya, which aims to boost entrepreneurship and innovation in Hainan Free Trade Port, completed its registration at the Asset Management Association of China on March 9.

A QFLP program allows foreign institutional and individual investors to invest in Chinese assets through fund managers.

In order to attract the QFLP fund to settle in Sanya, and ensure the timely financing of venture capital projects, Sanya Central Business District Administration has provided professional and efficient services for enterprises.

It only took a week for the QFLP fund to complete its registration procedures, due to government support and guidance from the Hainan Provincial Administration for Financial Regulation, the Hainan Provincial Administration for Market Regulation, the Hainan Provincial Bureau of International Economic Development, the Sanya municipal bureau of finance and the Sanya market regulation administration.

There are five advantages to setting up a QFLP fund in Hainan, according to Xie Yuezheng, assistant director of the Sanya Central Business District Administration. These include simple and efficient registration, no minimum entry threshold, no discrimination between domestic and foreign investment, the implementation of negative list management for investment, and the best preferential policies.