The firm has joined the growing list of competitors who have already launched domestic funds.

The firm has joined the growing list of competitors who have already launched domestic funds.
The firm has registered its third onshore private fund, according to records from the Asset Management Association of China (AMAC).
Aberdeen Standard Investments is the latest wholly-foreign owned enterprise manager to expand into advisory services in China.
Separately, a UK-China MRF programme is in the pipeline and more UK firms are expected to set up WFOEs in China.
Winton Capital rolls out quant products while Alliance Bernstein, Allianz Global Investors and DE Shaw receive private fund management (PFM) licences in China
The firm joins the likes of Fidelity and Value Partners, which have so far launched the most number of onshore private funds in the mainland.
The new wealth management subsidiaries may provide business opportunities for foreign players that have a private fund management licence in China.
The Singapore-headquartered firm is looking at adding more investment staff and obtaining a QDLP licence.
Other firms are also expecting regulators to relax rules that will allow them to offer products to retail investors by 2021, according to a local media report.
China has proposed combining the two quota schemes, which could help foreign managers with private fund management licences seed their own funds.
Part of the Mark Allen Group.