Foreign houses to get China private fund licences soon

The first batch of foreign asset managers look set to register their wholly-owned onshore vehicles as private fund firms in China within the next two months, according to a lawyer with good knowledge of the matter. Such a move would enable firms to launch investment products under their own brand name. “We just hope in the very near future, perhaps in the next one or two months, there will be a few fund managers who will get the private fund licences in China,” Sandra Lu, partner …