Fidelity applies to set up China funds business - reports

'Important milestone'

David Brenchley
clock • 1 min read

Fidelity International has become the latest Western asset manager to apply to set up a mutual fund business in mainland China, aimed at retail investors.

Fidelity said the application for a mutual fund license was "an important milestone in our China strategy" and comes just over a month after China's securities regulator got rid of foreign ownership caps in the mutual fund sector. The US firm said it would "continue to devote resources to expand our capabilities and develop more solutions" in China. Fidelity CEO Richards calls for new retail vehicle to support UK rebound Quoted in the Financial Times=, managing director of Fidelity's Asia Pacific ex Japan business Rajeev Mittal said: "We look forward to providing Chinese investors ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Industry

Door's Shilpan Patel: Culture takes centre stage

Door's Shilpan Patel: Culture takes centre stage

Fund selectors increasingly aware of poor culture

Shilpan Patel
clock 27 June 2025 • 3 min read
Winners Gallery: Fund Manager of the Year Awards 2025

Winners Gallery: Fund Manager of the Year Awards 2025

Ceremony on 19 June

Investment Week
clock 24 June 2025 • 1 min read
Friday Briefing: Here's how to win at the Fund Manager of the Year Awards

Friday Briefing: Here's how to win at the Fund Manager of the Year Awards

Friday Briefing

Eve Maddock-Jones
clock 23 June 2025 • 3 min read
Trustpilot