HONG KONG :Fidelity International has secured Chinese regulatory approval to conduct business in China's $3.7 trillion mutual fund industry.
"We aim to build a diversified financial services company with a strong footprint in pensions and asset management in China," said Helen Huang, general manager at the fund unit FIL Fund Management Company. UK-headquartered FIL has over 1,900 employees in China across three offices in Shanghai, Dalian and Beijing.