US Asset Managers Like AllianceBernstein Want to Form Mutual Funds in China

Posted on 11/15/2020

AllianceBernstein’s unit in Hong Kong, AllianceBernstein Hong Kong Limited, applied to form a mutual fund in China. In August 2020, BlackRock became the first global asset manager on the U.S. side to proceed with forming a China-based mutual fund unit from the China Securities Regulatory Commission. Neuberger Berman and Fidelity International also filled applications to the China Securities Regulatory Commission early in 2020.

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