• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      event logo
      Sustainable Investment Festival 2021

      The Sustainable Investment Festival will run online from 22-25 June and will include thought-provoking presentations from renowned keynote speakers, innovative breakout events and sessions specifically tailored to meet the information needs of fund selectors, financial advisers, pension consultants, trustees and scheme managers.

      • Date: 22 Jun 2021
      • Online, Online
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • Wealth management

Fidelity applies to set up China funds business - reports

The move would be an 'important milestone' for Fidelity's China strategy
The move would be an 'important milestone' for Fidelity's China strategy
  • David Brenchley
  • David Brenchley
  • @davidbrenchley
  • 20 May 2020
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

Fidelity International has become the latest Western asset manager to apply to set up a mutual fund business in mainland China, aimed at retail investors.

Fidelity said the application for a mutual fund license was "an important milestone in our China strategy" and comes just over a month after China's securities regulator got rid of foreign ownership caps in the mutual fund sector.

Related articles

  • Ant Financial ties up with Vanguard China unit to offer 'investment consulting'
  • Vanguard launches wholly foreign-owned enterprise in China
  • Invesco’s Shanghai operation secures private fund mgmt license
  • Neuberger Berman opens wholly foreign-owned enterprise in Shanghai

The US firm said it would "continue to devote resources to expand our capabilities and develop more solutions" in China.

An important milestone in our China strategy"

Quoted in FT, managing director of Fidelity's Asia Pacific ex Japan business Rajeev Mittal said: "We look forward to providing Chinese investors with Fidelity's global expertise and proven China investment capabilities."

Fidelity currently sells private funds to largely institutional and high-net-worth investors.

The move comes after a number of its US counterparts have moved to do similar. BlackRock has agreed to form a majority-owned joint venture with China Construction Bank and Singapore's Temasek.

Elsewhere, J.P. Morgan owns 100% of China International Fund Management, which it bought for $1bn, while Vanguard has entered into a joint venture with Alibaba's Ant Financial.

According to Reuters, Neuberger Berman has also applied to set up a mutual fund business in China, with Schroder also having plans to do similar.

Subscribe to International Investment's free, twice-daily, newsletter

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Wealth management
  • Fidelity
  • China
  • Rajeev Mittal
  • BlackRock
  • J.P. Morgan
  • Vanguard
  • Alibaba
  • Neuberger Berman
  • Schroder
  • Fidelity International
  • Asia

More on Wealth management

Schroders' results show AuM at record high

  • Wealth management
  • 04 March 2021
Aviva Investors' operating profits tumble 11% on lower fee income

  • Wealth management
  • 04 March 2021
Quilter launches redundancy support hub for client advice

  • Wealth management
  • 02 March 2021
Jupiter shakes off £4bn outflows as Merian deal drives AuM to record high

  • Wealth management
  • 26 February 2021
Majority of Singaporeans forced to reduce savings due to pandemic: research

  • Wealth management
  • 24 February 2021
Back to Top

Most read

HSBC appoints CEO for the Middle East region
HSBC appoints CEO for the Middle East region
People moves: Phoenix Group, Franklin Templeton, TMF Group, AJ Bell, Arete, Just Group
People moves: Phoenix Group, Franklin Templeton, TMF Group, AJ Bell, Arete, Just Group
Nordic Fund Selector of the Year 2021 shortlist announced
Nordic Fund Selector of the Year 2021 shortlist announced
UK Budget: Sunak freezes lifetime allowance for pensions contributions
UK Budget: Sunak freezes lifetime allowance for pensions contributions
Europe's wealth mangers increasingly focusing on Bitcoin: survey
Europe's wealth mangers increasingly focusing on Bitcoin: survey
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading