Vanguard is the latest firm to launch a wholly foreign-owned enterprise (WFOE), enabling it to carry out various onshore investment services, according to a statement from the firm.
Tag: WFOE
Foreign fund distributors in China prefer WFOEs to JVs
Wholly-foreign owned enterprises (WFOEs) in China have advantages over joint ventures (JVs) with mainland banks in onshore fund distribution, argue asset managers from Blackrock, Value Partners and ICBC Credit Suisse at the Fund Forum Asia 2017.
Fidelity WFOE debuts onshore bond fund
Fidelity International has announced the launch of its China Bond No.1 Private Fund, the first ever fund product launched by a foreign firm in China.
CCB: WFOEs have low chance of success in China
The path to success in China for a foreign fund management firm is the joint venture with a Chinese firm, argues Xianzhou Jiang, vice chairman and CEO of China Construction Bank (Asia), even though wholly foreign-owned enterprises (WFOEs) are now allowed to launch investment products on the mainland.
Foreign investor concerns brought to China regulators
Recommendations on issues such as repatriating profits and hedging tools were handed to China by the Asia Securities Industry & Financial Markets Association (ASIFMA).
Is a WFOE better than having a JV in China?
Foreign asset managers with China plans may find that establishing a wholly foreign-owned enterprise (WFOE) is better than having a joint venture.
Manulife granted a full-platform WFOE
Manulife is able to launch products in China ranging from traditional securities to private assets.
Fidelity’s WFOE obtains first private fund license in China
The firm will be allowed to create onshore investment products for eligible Chinese institutional and high-net-worth investors, and UBS AM is expected to follow.
Onshore WFOE approvals speed up
While more investment management wholly foreign-owned enterprise licenses have been approved by China recently, some fund managers are way ahead.
UBS AM set to launch onshore products in 2017
UBS Asset Management expects to launch China equity funds for onshore institutional and HNW clients in the second half next year through its wholly foreign-owned enterprise (WFOE), said Aries Tung, head of strategy and business development for China.
