Aberdeen AM sets world first with China WFOE
The UK house has become the first global manager to be granted a licence that enables it to operate fully as a private domestic securities firm onshore in China after a rule change.
![Aberdeen AM sets world first with China WFOE](https://cdn.i.haymarketmedia.asia/?n=asian-investor%2Fcontent%2FHugh%20Young.jpg&c=1&h=677&q=100&v=20252407&w=1204)
UK house Aberdeen Asset Management has become the first global manager to be granted a wholly foreign-owned enterprise (WFOE) licence in China that enables it to operate fully as a private domestic securities firm.
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