The GF Junce Overseas Investment Fund Management Co, one of the first Chinese companies in Shanghai to get Qualified Domestic Limited Partner certification, announced recently that it will be moving to the Lujiazui finance area of the city's Pudong New District.

The company is a joint venture of Guangzhou-based GF Securities, China's fourth largest brokerage by assets, and Hong Kong's Persistent Asset Management and deals in overseas funding, domestic management, and alternative investment to give Chinese investors more risk-controlled global assets allocation.

The company's GM, Wu Yunpeng, explained that they differ from the 11 other foreign hedge funds with QDLP certification in that they not only make up for the deficiency in foreign funds among Chinese investors, but also tailor their products for investors.

The Qualified Domestic Limited Partner program was developed in Shanghai in March 2012, with approval from China's foreign-exchange regulator, to help qualified overseas hedge funds raise yuan-denominated funds on the mainland and exchange the capital for overseas investment. The program is expected to help Shanghai reach its goal of becoming a global wealth management and international financial center.

Wu went on to say that they chose Lujiazui because of its many financial resources for further development.

Lujiazui authorities said they will do more to attract top Chinese and foreign assets management companies through innovative policies such as the Qualified Foreign Institutional Investor and Qualified Domestic Institutional Investor programs.