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UBS AM points to hurdles in creating IM WFOEs

Toby Yiu
The Swiss fund house has cited difficulties faced by foreign firms in setting up wholly foreign-owned enterprises for Chinese private fund businesses, but remains committed to this route.
UBS AM points to hurdles in creating IM WFOEs

Foreign asset managers are finding it hard to create investment management wholly foreign-owned enterprises (IM WFOEs) to operate private funds in China because the country’s securities regulator hasn’t issued implementation details, according to a senior executive from UBS Asset Management.

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