It is only the second asset manager to have both a wholly owned fund management company and a majority-controlled wealth management joint venture.
The adjustments will be implemented in about three months time.
Foreign funds will now be on a par with domestic funds.
The country’s securities regulator has extended the scope of the Shanghai-London Stock Connect scheme.
China’s third bourse started trading 81 stocks on Monday.
China Securities Regulatory Commission has tightened its grip on the nation’s mutual fund market.
The Shenzhen branch of China Securities Regulatory Committee (CSRC) has given the firm a distribution licence.
The China Securities Regulatory Commission (CSRC) has approved the first-ever public mutual fund run by a foreign asset manager.
Two Shenzhen-listed ETFs will each invest in products managed by Hang Seng Investment Management and CSOP Asset Management in Hong Kong.
There are seven other Hong Kong-domiciled MRF funds that are awaiting regulatory approval from the Chinese regulator.