Foreign firms sweat to secure China private fund licences
APS, Credit Suisse, Value Partners and Invesco have set up onshore entities in China in the past three months. But they face various hurdles in registering as private fund houses.
Four foreign fund houses have set up so-called investment management wholly foreign-owned enterprises (IM-WFOEs) in China this year, joining 10 peers that had already done so. Now comes the hard part.
Invesco was the latest to establish one of these onshore entities, on April 13. Credit Suisse and Hong Kong-based Value Partners established their IM-WFOEs last month and Singapore’s APS Asset Management in February. (See table below.)
Both Invesco and Value Partners have said they…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.