Eleven firms became recipients last month of quotas amounting to $8.85bn

Eleven firms became recipients last month of quotas amounting to $8.85bn
The world’s largest asset manager has de-registered its private fund management (PFM) unit as it prepares to receive a mutual fund licence.
Leon Sun was Nomura Asset Management’s head of investment for China and Hong Kong.
As the companies agree to set up a Hong Kong platform.
CMB Wealth Management (CMBWM) and JP Morgan Asset Management (JPMAM) have started marketing a target date fund.
The quant specialist continues to be one of the largest foreign PFM managers in the mainland.
The firm has been ramping its China business since last year.
In partnership with a domestic wealth manager.
Vanguard believes that the new platform will further develop China’s fund advisory market.
JP Morgan Asset Management (JPMAM) plans to take a 10% stake in CMB Wealth Management.
Part of the Mark Allen Group.