Recently, Beijing Dao Tai Liang He Private Fund Management Co., Ltd., registered in Beijing Fund Town, completed its registration with the Asset Management Association of China as a wholly foreign-owned private securities and investment fund manager, becoming both China's and Beijing's first foreign private securities and investment fund manager registered this year.

Beijing Fund Town is a national-level fund town piloting the service standardization of fund institutions. It is listed among the first batch of demonstration bases for trade in services in Beijing. Under the principle of opening-up and development, it has combined the "Going Global" of trade in services and the "Bringing in" of fund institutions and attracted the branch offices of numerous world-leading private equity institutions including Lone Star Funds and Bain Capital.

Beijing Fund Town will continue as before the optimization of its business environment and build a professional, efficient and open service platform to serve the high-level opening up of China's capital market and the building of "Two Zones" in Beijing. In the meantime, it aims to strengthen the defence against financial risks and build a trustworthy and safe ecosystem for the fund industry. Positioned as a national investor education base, it will also guide resident companies to improve their professional operation and awareness of compliance, enhance education among investors, and protect their legal rights to boost high quality development through high-level opening up.

Data shows that Beijing Dao Tai Liang He Private Fund Management Co., Ltd. is a wholly-owned subsidiary of Dynamic Technology Lab Private Limited in Singapore, which is a high-tech investment institution managing USD 3 billion (around CNY 19.1 billion) worth of assets and trading over USD 600 million every day worldwide. The introduction and compliance-based operation of this foreign private equity company will play an active and exemplary role in encouraging more global asset management institutions to gather in Beijing.

(Source：Xinhuanet.com)