Hong Kong-based Zeal Asset Management and New York-headquartered Two Sigma Investments have obtained IM WFOE licences.
Tag: IM WFOE
China set to approve 10 onshore licences this year
China’s regulator is likely allow 10 more foreign managers to sell private fund products in 2018, according to Miao Hui, senior analyst at Cerulli Institute, who leads the China research initiative.
Chinese investors to shift away from WMPs
Chinese investors are expected to move away from banks’ wealth management products towards products managed by asset managers, according to a report by Oliver Wyman, a consulting firm.
Allianz GI eyes onshore fund entry
Allianz Global Investors is considering applying for a private fund licence in China, following several other global asset managers who have launched onshore products, according to Desmond Ng, Hong Kong-based head of Asia-Pacific.
Global heavyweights quietly setting up in China
Seven of the world’s ten biggest asset managers have entered mainland China so far, by setting up an investment management wholly foreign owned enterprise (IM WFOE), according to a report by Shanghai-based Z-Ben Advisors.
