Chart: Approvals for foreign MF firms climb in China
At least four foreign fund houses were given the regulatory nod to either take full control of an existing joint venture or set up a fully-owned mutual fund business since the start of 2023.
The pace of approvals for overseas mutual fund houses to set up wholly owned businesses in China is quickening.
In the first three months of 2023 alone, four foreign fund houses - AllianceBernstein, Morgan Stanley Investment Management, JP Morgan Asset Management and Schroders – have received the regulatory go-ahead to either take full control of their existing joint ventures to sell mutual funds onshore or set up a new wholly-owned mutual fund business.
Apart from the strong p…
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