On June 23, both parties announced the signing of a memorandum of understanding (MOU). The MOU will pave the way for both ADDX and China Construction Bank to work together on the custody and distribution of a US$200 million ($277.1 million) quota allocation under the QDLP scheme.
ADDX and China Construction Bank have entered into a partnership to help domestic investors in China take part in the country’s official offshore investment scheme.
The scheme, named the Qualified Domestic Limited Partnership (QDLP) scheme, was created by the Chinese government in 2012. It allows individual investors in China, who have at least two years of investing experience, to take part in renminbi funds focused on overseas investment opportunities. The scheme allows offshore investments in a greater variety of assets which include both public market and private market products.
