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.
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In a challenging environment for China products, Franklin Templeton's Shanghai JV will this month offer its first product in Hong Kong. CIO Xu Lirong tips A-shares on a three-year view.
The fund house says a potential wholly foreign-owned enterprise could act as its institutional client servicing platform in mainland China, marking a step change from the representative office approach.
While the move is regarded as a step forward for the country’s financial markets, fund managers are still weighing up the costs and benefits of the hedging tool.