China entry still a headache for foreign fund managers

Foreign fund managers waiting on licence applications for controlling stakes in domestic Chinese fund firms have seen the approval process suspended for an unspecified time, industry consultants  tell AsianInvestor.  And the main reason for that is probably the US-China trade war, they say. But it is unlikely to be anything more than a blip. “Yes, it is very likely that applications are now suspended due to ongoing geopolitical tensions, but the operative word is 'suspended'," s…