Citadel applies for QFI status in China

china, investor, fundsCitadel, one of the world’s largest hedge funds, is looking to expand its presence in Asia after submitting an application for its Asia business to become a qualified foreign investor (QFI). The application was accepted for review by the China Securities Regulatory Commission on February 3, according to its website, as reported by Yicai Global. The QFI scheme, which allows global investors direct market entry to China’s domestic securities market, was expanded recently as part of China’s accelerated efforts to liberalise its capital markets. As of November 2021, the scheme now includes private equity funds and derivatives as well as equities. Citadel, which was founded in 1990, reported US$16 billion in profit in 2022, making it the most profitable hedge fund in the world, according to data from LCH Investments. It has also been investing in its Asia business. In 2020 it opened a Singapore office, and then in August 2022, it opened a Tokyo office, adding to its existing Asia hub in Hong Kong. © 2023 funds global asia

Executive Interviews

Executive interview: PGIM CEO on where the ESG flowers should bloom

Sep 27, 2021

David Hunt, president and chief executive of PGIM, tells Romil Patel about leading a top 10 global asset manager in times where “empowering and encouraging the kind of investment decisions as...

Executive interview: Nicolas Moreau’s orderly transition

Jul 12, 2021

Nicolas Moreau, CEO of HSBC Asset Management, is moving to Asia as the firm looks to connect more directly with the region’s growth story. ESG is also a key focus – including the ‘just’ carbon...


Roundtable: Singapore comes of age as an Asian ESG hub

Dec 01, 2021

Strong ESG credentials strengthen the case for Singapore as a leader in Asia of the post-Covid recovery. Our panel discusses the risks and opportunities.

Roundtable: How well geared are Japanese assets for a new world?

Jul 12, 2021

As we prepare to emerge from Covid, experts look at overcoming demographic issues through a combination of good tech and corporate governance, improving productivity and meeting an ambitious government carbon emissions reduction target. Chaired by Romil Patel.