Aberdeen Standard deal seen to delay China PFM licence
The newly merged group is the fourth firm to have won a China private fund management licence in the past month and is planning an equity fund.
Newly merged Aberdeen Standard Investments has become the eighth foreign firm to win a private fund management (PFM) licence in China, but there is talk that the acquisition deal delayed the approval process—something the fund house denies.
The firm’s wholly foreign-owned enterprise (WFOE), Aberdeen Asset Management (Shanghai), obtained the licence on November 29, which allows it to manage and sell onshore private investment funds to high-net-worth and institutional investors
Ab…
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