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Global fund firms prepare for faster Chinese liberalisation

International asset managers will likely accelerate plans to expand their China businesses now they can wholly own local fund managers as early as next year. It won't be easy though.
Global fund firms prepare for faster Chinese liberalisation

This month's surprise announcement that wholly foreign-owned fund management companies are to be allowed in China from 2020 – one year ahead of schedule – has inevitably sent a frisson of excitement through the global asset management industry.

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