Shenzhen was China's third city to host a wholly foreign-owned investment management company, following Shanghai and Tianjin. It could appeal to smaller or tech-savvy asset managers.
Tag : im wfoe
The asset manager is awaiting its fourth wholly foreign-owned enterprise licence, which will allow it to run Chinese private funds for both local and offshore investors.
The US firm is the first foreign player with a Chinese funds JV to set up an investment management WFOE. AsianInvestor spoke to Asia-Pacific chief Michael Falcon about its plans.
