How do companies apply for the QFLP trial? What qualifications are required for applicants and foreign investors?

QFLP and foreign equity investment management companies participating in the trial should submit trial applications to Shanghai Financial Services Office through an executive partner. The partner must have more than 3 years’ good experience in investment practice in China. Foreign investors applying for the trial must meet the following requirement: (1) In the fiscal year previous to the application, the investor’s equity capital size should be no lower than US$500 million or AUM no lower than US$1 billion; (2) The investor should have a sound management structure and inner control system, and has not been punished by judicial departments or regulators in the past 2 years; (3) Foreign investor or its related entity should have more than 5 years of relevant investment experience; (4) Other requirements by the joint conference.