Fidelity has become the second global asset manager to receive approval to set up a fully-owned mutual fund business after BlackRock.
August 8, 2021BlackRock is the first foreign asset manager to win approval to launch a wholly-owned mutual fund business in China.
June 12, 2021US fund manager AllianceBernstein’s Hong Kong unit has applied to set up a mutual fund unit in China.
November 19, 2020The approval makes the BlackRock the first foreign financial institution to receive approval to set up a wholly-owned mutual fund unit in China.
August 31, 2020Fidelity already operates four privately managed funds in China targeting institutional clients and high net-worth individuals.
May 21, 2020With full ownership now on the table and various alternatives also open, foreign fund groups in China are weighing how to expand into a fast-changing market with lots of potential.
April 22, 2020BlackRock and Neuberger Berman applications to set up wholly-owned mutual fund units were accepted on the first day foreign ownership caps were scrapped in China.
April 2, 2020