Compliance

Compliance Corner: China, VS Partners

Editorial Staff 4 January 2021

Compliance Corner: China, VS Partners

The latest compliance news: regulatory developments, punishments, guidance, permissions and new product and service offerings.

VS Partners, CSRC
Chinese regulators have granted the status of Qualified Foreign Institutional Investor to VS Partners (Hong Kong), an organisation providing outsourced chief investment office services.

The firm won the QFII qualifications from the China Securities Regulatory Commission. 

VS Partners is among the early batch of offshore institutions that receive QFII qualification after the new QFII regulation was implemented on 1 November 2020,” the firm said in a statement. “VS Partners' QFII approval demonstrates that the domestic regulators are encouraging forward-looking foreign institutional investors with the capabilities of multi-market investment research, asset selection and portfolio implementation to broaden and deepen participation in the onshore capital markets.”

The new regulatory system is designed to widen the investable universe by foreign institutional investors to privately-distributed securities funds, futures, options, securities margin trading, and other routes. To bring in more non-domestic players, entry requirements have been loosened and the review process has been made faster by Chinese authorities.

VS Partners was founded in 2019 and is based in Hong Kong.

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