Schroders becomes the fourth foreign-owned asset manager to set up businesses in China, after BlackRock, Fidelity Investments, and Neuberger Berman.
June 12, 2023The Schroders approval follows several other new approvals for foreign-owned mutual fund businesses, granted to Neuberger Berman, Fidelity International, and Manulife.
January 16, 2023Goldman Sachs ICBC Wealth Management, set up in May last year, becomes the fourth Sino-foreign wealth management JV approved to commence operations.
June 28, 2022Preliminary approval will allow Goldman Sachs Asset Management to own a 51 percent stake in the joint venture with ICBC Wealth Management.
May 26, 2021The joint venture with BOCOM will become the third wealth management JV with foreign majority owners to receive regulatory authorisation in China.
February 24, 2021Small- and mid-sized banks are likely to struggle more as they have less capital in reserve and fewer state borrowers they can call on.
March 31, 2020The ban follows an August 2018 conviction, where the former banker was found guilty of soliciting illegal commission payments from a client for stock trading profits.
September 24, 2019