CSRC Approved Schroders Mutual Fund in China
The China Securities Regulatory Commission (CSRC) has approved Schroder Investment Management to establish a wholly foreign-owned public fund management company (FMC) in mainland China.
The fund targets to serve onshore investors as Beijing accelerates opening up its giant financial sector to foreigners. Schroders also obtained permission to establish a wealth management joint venture with BOCOM.
China scrapped foreign ownership caps in its US$3.7 trillion mutual fund industry in 2019, and BlackRock become the first foreign asset manager to open a fully-owned retail fund business in the country.
Country updates
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January 06, 2023
Keppel’s China logistics property fund to acquire its first asset in China
Keppel Capital Holdings Pte. Ltd. (Keppel Capital) has partnered BLOGIS Holdings Limited (BLOGIS) to acquire the Fund’s first asset, a grade-A high-standard warehouse, located in Dongxihu,...
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December 01, 2022
Final close achieved for USD1 billion Investment Cooperation Fund
ESR Group Limited has partnered with the Export-Import Bank of China for the closing of the US$1 billion China-ASEAN Investment Cooperation Fund (CAF II). CAF II has received...
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October 25, 2022
Operation starts for the High-speed Railway line in Zhejiang
China Railway Construction Corporation (CRCC) has announced the start of operation for Huzhou-Hangzhou section of the Hefei-Hangzhou High-speed Railway line in Zhejiang province, China. The...
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July 20, 2022
Keppel Data Centre Fund II to develop data center in Greater Beijing
Keppel Data Centre Fund II LP (KDCF II) has joined hands with Heying to co-develop a greenfield data centre in Greater Beijing, China. KDCF II is a private fund focused on making stra...
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July 06, 2022
AIIB commits investment in CEL Infrastructure Investment Fund II LP
Asian Infrastructure Investment Bank (AIIB) has approved to commit US$100 million to CEL Infrastructure Investment Fund II (Fund II). The investment agreement also includes up to US$25 million in co-i...
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