China widens shareholding for fund managers

The China Securities Regulatory Commission is easing restrictions on who can own hold shares in a fund manager.

The China Securities Regulatory Commission CSRC has today Friday announced it will relax restrictions on who can own a domestic fund management company.

At present only Chinese securities companies or investment trust companies can hold shares in a fund manager. According to local fund management executives, today's announcement opens it up to any law-abiding Chinese entity.

This could alter the basis on which foreigners have sought entry to China's fund management industry. Foreign asset management firms have courted domestic securities...

To continue reading, please login or register for free

Click for more on: china | widens | shareholding | fund | managers

Print Edition

FinanceAsia Print Edition

CONFERENCES