This week in asset owner history: Manulife facing two-speed China entry
Global asset managers have tried to step up their presence in China for years. Those efforts gathered speed recently after Manulife and Fidelity won regulatory approval to operate wholly-owned onshore businesses.
![This week in asset owner history: Manulife facing two-speed China entry](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2Fshutterstock_149807798.jpg&c=1&h=677&q=100&v=20240101&w=1204)
Five years ago, Manulife inked a distribution tie-up with Agricultural Bank of China (ABC) that it hoped would help it to tap the individual retirement savings market in China.
The Canadian life insurer had spent over a year looking for a partner to set up an onshore pension joint venture.
The firm was in discussions with banks, including ABC, but regulatory question marks remained. “There is quite a lot of uncertainty within China as to how [the regulations on foreign JVs] woul…
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