Neuberger Berman gets Chinese regulatory nod to conduct mutual fund business

📆 02/05/44 04:50 ص
📰 Reuters

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U.S. asset manager Neuberger Berman's Chinese unit said on Friday it had been granted a license by the Chinese securities regulator to conduct mutual fund business.

received regulatory nod to take full control of its Chinese mutual fund venture, adding to signs that Beijing remains committed to opening-up.

Neuberger Berman Fund Management Ltd said on its official WeChat account that it had recently obtained the business licence from the China Securities Regulatory Commission .

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