Aberdeen secures China onshore advisory licence

Pedro Gonçalves
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Aberdeen secures China onshore advisory licence

Aberdeen Standard Investment's wholly owned subsidiary in Shanghai has secured a licence to provide onshore investment advisory services in China.

The qualification allows Aberdeen Asset Management (Shanghai) to provide investment advisory services to eligible onshore Chinese investors on products offered by domestic wealth management subsidiaries of commercial banks, securities and futures companies, fund management companies, as well as other types of asset management firms in China, the firm said in the statement.

"China is a strategic long-term focus for our firm. As we continue to invest and strengthen our presence in China, we look forward to bringing a broader range of investment opportunities and international best practices to address the needs of Chinese investors,"Hugh Young, head of Asia Pacific, Aberdeen Standard Investments, said.

China is a strategic long-term focus for our firm. As we continue to invest and strengthen our presence in China, we look forward to bringing a broader range of investment opportunities and international best practices to address the needs of Chinese investors"

Aberdeen has significantly expanded its business in China since registering as a private fund management company in 2017, building an onshore team with investment capability across equities, fixed income, multi-asset and quantitative strategies. Aberdeen Shanghai successfully launched its first onshore private A-share fund in May 2018. 

 

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