Financial institutions still confident about Chinese market

BEIJING: Despite the Covid-19 outbreaks and increasing downward pressures on the economy, several global financial institutions have either expanded their presence or plan to do so in the Chinese market, showing continued confidence in the world's second-largest economy.

Six asset management companies recently secured approval to join the Qualified Foreign Limited Partner (QFLP) program or the Qualified Domestic Limited Partner (QDLP) program, which offer easier access to the East Asian country's fund markets.