BNP Paribas promises quota-led ESG investment in China

Green_bondsBNP Paribas Asset Management says it is the first global fund manager to possess a quota from the Chinese authorities that will be used to channel money into an environmental, social and governance (ESG) fund. The firm’s wholly foreign-owned enterprise (WFOE), a subsidiary based in Shanghai, attained the quota under the qualified domestic limited partner (QDLP) programme. “Through this programme, qualified high-net-worth and institutional investors in China seeking to diversify their investments across an expanding range of asset classes and geographies can now access our global expertise as an investment solutions provider,” said Ligia Torres, chief executive of BNP Paribas Asset Management in Asia-Pacific. QDLP is a mechanism to allow international asset managers to raise money from onshore Chinese investors for investment in overseas assets. BNP Paribas Asset Management said it would use its QDLP quota to channel Chinese investors’ money into an ESG fund, hoping to benefit from a nascent demand in the country for responsible investment. ©2018 funds global asia

Executive Interviews

INTERVIEW: Making a name

Apr 18, 2018

Formed by a merger in 2012, Old Mutual Global Investors was little-known in Asia. Carol Wong, managing director for Asia-Pacific, is changing that. She talks to George Mitton.

INTERVIEW: Joining the family

Dec 12, 2017

An acquisition has increased the visibility of Natixis investment managers in Australia. George Mitton talks to its local chief executive.


SINGAPORE ROUNDTABLE: Small nation, big ambitions

Apr 18, 2018

Our cross-industry panel discussed fund passporting, robo-advisers and the potential of a new investment structure, the S-Vacc. Chaired by George Mitton in Singapore.

REAL ESTATE ROUNDTABLE: In search of a home

Jul 17, 2017

From Korean warehouses to Chinese hospitals, investors’ holding periods are growing in Asia. But in a market awash with liquidity, so is competition for assets. Our panel in Hong Kong discuss real estate investment.