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.
