(1) In the last fiscal year before the application, its own assets were not less than 1 billion dollars, or its assets under management were not less than 200 million dollars;

(2) Holding the asset management license1issued by the Hong Kong Securities Regulatory Commission (or overseas financial regulatory authorities);

(3) World-renowned equity investment institutions (before the asset management scale announced by authoritative institutions 100).

Customers who meet the above conditions can enter the country directly as LP (investment in limited partnership).

The so-called QFLP (Qualified Foreign Limited Partner) means that overseas institutional investors convert overseas capital into RMB funds and invest in the domestic PE and VC markets after passing the qualification examination and approval and the foreign exchange fund supervision procedure of 1.

20 1111Shanghai financial office officially issued the "implementation measures for the pilot work of foreign-invested equity investment enterprises in this municipality", which is a small step in the opening of capital projects in China, but it is a very important attempt, marking the existence of a1fund for overseas equity investment.