Fidelity obtains first private fund management license in China

Keywords:

China

Fidelity International's wholly foreign-owned enterprise (WFOE) in Shanghai has become the first global asset manager to register as a private fund management company.

 

Fidelity International’s wholly foreign-owned enterprise (WFOE) in Shanghai has become the first global asset manager to register as a private fund management company.
This qualification under the Asset Management Association of China (AMAC) allows Fidelity to create onshore investment products in China for eligible Chinese institutional and HNW investors for the first time. 
Said Mark Talbot, managing director, Asia Pacific at Fidelity International: “China is crucial to our global growth strategy, and as a privately-owned company, we are able to take a long-term approach to develop the best solutions for our clients to meet their investment and retirement needs.”

This qualification under the Asset Management Association of China (AMAC) allows Fidelity to create onshore investment products in China for eligible Chinese institutional and HNW investors for the first time. 

Said Mark Talbot, managing director, Asia Pacific at Fidelity International: “China is crucial to our global growth strategy, and as a privately-owned company, we are able to take a long-term approach to develop the best solutions for our clients to meet their investment and retirement needs.”

 

Copyright © 2017. Hubbis (HK) Limited. All rights reserved