Fidelity International Obtains Private Fund Management Licence in China
Fidelity International has announced its wholly foreign owned enterprise (WFOE) in Shanghai has become the first global asset manager to register with Asset Management Association of China (AMAC) as a private fund management company.
This will now allow Fidelity International to create onshore investment products in China for eligible Chinese institutional and high net worth investors.
News Source: Reuters
About Fidelity International
Fidelity International offers world class investment solutions and retirement expertise. We are a privately owned, independent company, with the commitment and resources to provide the investment expertise, technology and service innovation needed to help our clients achieve their financial goals.
We invest USD $272 billion globally on behalf of clients in Asia-Pacific, Europe, the Middle East, and South America. Our clients range from pension funds, central banks, sovereign wealth funds, large corporates, financial institutions, insurers and wealth managers, to private individuals. In addition to asset management, we offer investment administration and guidance for employer benefit schemes, advisers and individuals in several countries. We are responsible for USD $80 billion in assets under administration.
- Origin: Boston, Massachusetts, US
- AUM: US$ 285 billion
- Employees: 7,000
Official Website: www.fidelityinternational.com
News & Media: Press Release
Updated on 8th August 2016