Templeton sets up China WFOE, mulls IM unit
The US fund house has opened a Shanghai branch, as the pace of approvals slows after China suspended investment firm registrations as part of a crackdown on illegal fundraising.
US fund house Franklin Templeton has unveiled its wholly foreign-owned enterprise (WFOE) in Shanghai’s free trade zone and is considering launching an onshore investment management unit to manufacture products onshore.
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