Beijing gives WFOEs green light to register as private fund firms

Jun 30, 2016

Offshore asset managers’ wholly foreign-owned entities in China can now register to operate as onshore private fund firms, with Aberdeen, Bridgewater and Fidelity set to be first in line.

Beijing gives WFOEs green light to register as private fund firms

Wholly foreign-owned enterprises (WFOEs) in China got the go-ahead on Thursday (June 30) to set up as onshore private fund firms. The three existing investment management WFOEs – established by Aberdeen, Bridgewater and Fidelity – are expected to be the first to register.

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