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Fidelity gets Chinese regulatory approval for retail fund business

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HONG KONG :Fidelity International (FIL) has secured Chinese regulatory approval to conduct business in China's $3.7 trillion mutual fund industry.The China Securities Regulatory Commission granted a licence that enables the firm to offer onshore investment products and solutions to retail clients and asset ma

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.

 

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