A Shares Are Ushering In The Dawn Of Offshore Private Placement.

Fidelity International announced that its fudali Cci Capital Ltd, a wholly foreign owned company in Shanghai, was officially awarded the private equity investment fund management business qualification granted by the China Securities Investment Fund Association, and became the first company in the foreign asset management industry to get the qualification.

Media reporters have learned that Fidelity International has been famous for its investment gurus such as Peter Lynch in the global private sector.

A shares are ushering in the dawn, while foreign private placement, which has been coveted by others, trampled the time point and waited for the opportunity to move.

"The entry of foreign private placement will not affect the trading strategy of the local private sector in the near future. It will bring more competition pressure and higher demands on the professional ability of the local private placement.

In the long run, it will guide private firms to develop value investing and vector hedging. "

In response, Ding Ling, a partner of a private equity firm, pointed out in an interview with reporters.

It is noteworthy that, with more and more foreign private placement entering the domestic market, a competition in the domestic private ecosystem will be lifted.

According to media reporters, as of January 5th, in addition to fidelity, a total of 10 foreign sole proprietorship private equity investment fund managers were registered in the fund industry association, including BlackRock, OakTree and Citadel.

However, unlike fudali, the 10 wholly foreign-owned private placement companies can only raise funds in China and invest in overseas two tier markets.

In September 2016, Morgan asset management (Shanghai) Co., Ltd. was incorporated in the Shanghai free trade area. It is the first wholly foreign-owned investment and management agency approved to invest in the domestic two tier market.

Reporters also learned that there is no Morgan administration in the publicity system of the fund industry association. The 10 existing wholly foreign-owned private equity investment fund managers are the QDLP (qualified domestic limited partners) approved by the Shanghai finance office, and can only invest in the overseas two tier market after fundraising in the territory.

Like Morgan administration, such institutions, if they want to invest in the domestic two tier market, they must first register with the Fund Association before they can open an account in China Securities Depository and Clearing Co., Ltd.

And fidelity is truly a foreign private placement that can be directly invested in the domestic A share market.

"Fidelity International has been doing business in China since 2004, and has established cooperation with qualified domestic institutional investors and banks to provide overseas market investment services for institutional clients and individual investors in China.

The qualification of private equity fund managers will extend our business capacity and satisfy both domestic and overseas investment needs. "

In January 4th, Tao Bohong, managing director of Fidelity International Asia Pacific region, said.

Public information shows that Fidelity International has established representative offices in Shanghai and Beijing, and has set up a backstage support center in Dalian. There are more than 400 employees in China, and Fidelity International has 1 billion 200 million US dollars in qualified foreign institutional investors. It is one of the fund companies with the highest QFII quota in the world.

Through QFII, Fidelity International can carry out investment activities in China's capital market.

In September 14, 2015, fidelity was established in September 14, 2015. The time for the fund industry association was January 3, 2017. The registered capital was 2 million yuan, and the nature of the enterprise was wholly foreign-owned. At present, the number of employees is only 5. The company's legal representative and general manager are He Wei.

Reporters learned that He Wei was a programmer of Founder Technology Research Institute of Peking University. He was senior manager of Fidelity Fund (Hongkong) Limited in June -2012, and served as deputy director of FIL (Dalian) Technology Co., Ltd. in October July 2012 -2016.

He has been the general manager of Fidelity Investment Management (Shanghai) Limited since October 2016.

As a matter of fact, as early as last September, the China Foundation Industry Association held a symposium on the registration of managers of foreign funded private equity funds in Beijing. More than 20 internationally renowned institutions including Fidelity International attended the meeting. Zhang Xiaoai, vice president of the China Association of fund industries, said that the policy of registration of foreign institutions has been basically clear.

In June 30, 2016, the China Securities Regulatory Commission (CSRC) said that eligible wholly foreign-owned and joint ventures were allowed to apply for registration as private equity fund management institutions and carry out private equity fund management business in China, including two level market securities trading.

However, the securities and Futures Commission has also pointed out that foreign institutions should carry out private equity fund management business within the territory. They need to set up institutions within the territory to raise funds privately, invest in the domestic capital market, provide asset management services for qualified investors in the mainland, and do not involve cross-border capital flows.

In this regard, there are

People believe that the process of opening up China's finance will not stop. China's capital market needs more professional investment institutions when it is in urgent need of incremental funding, and the liberalization of foreign private equity will help to purify the domestic private ecosystem.

With the biggest reputation of the domestic private sector, Xu Xiang, the real controller of Shanghai Zai hee investment, has come to an end, and the entry of foreign capital private placement is going to start.

"The entry of managers of foreign private equity funds has a positive positive effect on the development of the industry. On the one hand, there are more investment choices for A share investors. On the other hand, it will also make the local private placement market more diversified and open, and have a strong influence on the local private placement managers.

The promotion effect. "

Private placement network research center director Chen Huozhu pointed out.

Chen Huozhu also said that in trading operations, foreign private placement in Securities and futures trading in the mainland should make investment decisions independently, and do not issue trading instructions through overseas institutions or overseas systems. Therefore, there will be no great changes in trading strategies, no impact on the trading strategies of local private placement, more competition pressure on local private placement, and higher demands on the professional ability of local private placement.

In the long run, it will guide private firms to value investment and quantify hedging.

One side is the acceleration of foreign private placement, the other is 2016.

The turmoil made local private equity performance poor.

"In fact, we worry about foreign private placement, mainly for high net worth customers and excellent private research personnel flow.

As an important participant in the capital market, the most important reference of the popularity of private placement is from performance. However, whether the investment strategy of foreign private placement can adapt to the localization market remains to be seen. After all, the difference between A shares and the global mature capital market is still very different.

In January 6th, a senior private equity firm in Shanghai told reporters in an interview.

As a matter of fact, the performance of the entire private sector has been running down in recent years when the market trend is rather weak.

According to statistics of private placement network data center, a total of 3406 strategic private equity products were included in the ranking statistics in 2016.

As of December 5, 2016, a total of 1278 products achieved positive returns, accounting for 37.52%, 8 products yield was 0%, and the number of negative revenue products reached 2120, accounting for 62.24%.

Stock strategy private equity fund yields top five are blue ocean 1, state Chong fund, Chen Yang Heng Feng 1, Shang Yuan 1 and joint news securities Hui Fu No. 1.

In the 2120 private equity products with negative returns in 2016, the number of products with a yield less than -30% reached 118.

The growth strategy of the dry diamond industry is at the bottom of the -69.21% yield. The 8 products represented by 8 new products, namely, the new starting point of grapefruit, the magic number 1, and the trend of increasing the peak value, are "cut short".

For more information, please pay attention to the world clothing shoes and hats and Internet cafes.