Pimco eyes WFOE for China bond access
The Asia-Pacific head of the US fund manager says China's changing regulatory environment, most notably the opening of its debt market, is likely to lead the firm to set up onshore.
The opening of China’s bond market is offering investment and distribution opportunities and could lead Pimco to put a wholly foreign-owned enterprise (WFOE) in the country in the next year or two, said the US fund house’s Asia-Pacific head.
Speaking at the Bloomberg Markets Most Influential Summit in Hong Kong today, Eric Mogelof noted that the firm had become much more interested in opportunities in the country, and particularly its bond market – the world’s third largest by out…
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