China’s securities regulator has announced it will abolish limits on foreign ownership of fund management companies in the country starting from April 2020.
Following cross-departmental studies and research, the China Securities Regulatory Commission announced the timetable on Friday.
The announcement provides a definite timeframe for global asset managers that are already making preparations to enter China’s retail fund market, which is considered a big opportunity by foreign companies that have been eyeing the trillion-dollar market.
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