WFOEs trump JVs for China entry, but hard road awaits
Foreign fund firms setting up in China are excited by the opportunities provided by wholly foreign-owned entities, but they still face a years-long battle to crack the mainland market.
International asset managers are busy building teams at—or queuing to set up—wholly foreign-owned entities in China. But they are less keen on taking the joint venture route into the mainland funds industry, even though they can now hold controlling stakes in onshore JVs.
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