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ChangAn FMC gets CSRC nod, but questions are raised

Leanne Wang
The firm has hired key personnel as it goes about establishing its business registration. But already there are suggestions that it will find itself depleted of capital within the next two years.
ChangAn FMC gets CSRC nod, but questions are raised

Shanghai-based ChangAn FMC has become the fourth fund management company to receive an operating licence this year, indicating that the China Securities Regulatory Commission (CSRC) is speeding up its approval process. The country now boasts 67 FMCs, and counting.

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