Mutual fund license Archives - Fund Selector Asia

AB targets China’s retail investors

At least six foreign players have concrete plans to establish a public mutual fund company in the mainland.

It has also plans of applying for a QDLP licence.

The Chinese wealth manager has also applied for a mutual fund advisory licence in the country.

The firm has hired Da Cheng Fund Management’s CEO to head its retail fund business.

Neuberger Berman and Fidelity are still waiting for regulatory approval to establish a wholly-owned mutual fund company.

The asset managers filed applications on the first day that China officially lifted the investment limitations for foreign fund management firms.