AIA gets green light to set up life subsidiary in China
Firm wants to expand its presence in the country with additional branches
WFOE
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China approves more investment advisory licences
Market continues to shift from product sales to service orientation
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China sets foreign-ownership limits date
Investment limitations for securities companies will also be lifted in December next year
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Aegon eyes wholly foreign-owned enterprise in Shanghai
Firm wants to sell offshore investment products and services to high net worth investors in China
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Aberdeen Standard launches A-shares fund in China
Aberdeen Standard Investments (ASI) has launched an equity fund in China, targeting qualified domestic investors, through its investment management wholly foreign-owned enterprise (IM WFOE).
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Value Partners launches onshore China fund
Hong Kong-based Value Partners has joined Fidelity, UBS Asset Management and Man Group with the launch of an onshore China fund, as momentum for foreign-managed products targeting China’s professional investors continues.
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Fidelity charges ahead in China domestic market
Fidelity International’s investment management wholly foreign-owned enterprise (IM WFOE) has launched two funds while Blackrock and Schroders obtain private fund management (PFM) licences for their WFOEs.
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UBS AM launches onshore fund in China
UBS Asset Management’s Shanghai-based wholly foreign-owned enterprise (WFOE) has launched an onshore equity fund for domestic high net worth individuals and institutional investors in China.
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UBS AM granted private fund license in China
Swiss bank UBS has announced that its Chinese asset management arm has been granted a license to manage money for institutions and wealthy investors onshore in China.
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Joint ventures give fund managers best chance of China success
The path to success in China for foreign fund management companies lies in joint ventures with local firms, even though wholly foreign-owned enterprises (WFOE) can now launch investment products on the mainland, says Xianzhou Jiang, vice chairman and chief executive of China Construction Bank (Asia).
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Manulife wins wholly foreign-owned enterprise license in China
Manulife Investment (Shanghai) has been granted the wholly foreign-owned enterprise (WFOE) license with a registered capital of RMB 50m ($7.3m), the firm has announced.