Foreign Companies Still Trying to Break Into China's Investment Funds Market
(Beijing) — For overseas financial companies looking to break into China's vast private investment funds market, Beijing's recent vow to let them compete directly with local private funds still seems a distant promise.
JPMorgan Chase & Co., for one, is not entering the fray anytime soon.
The U.S. banking giant received Beijing's permission early this month to establish a wholly owned asset management subsidiary — the first of its kind on the mainland — in Shanghai's free trade zone.
- 1China Faces Daunting Challenges as Senior Care Comes of Age
- 2Cabinet Outlines Curbs on ‘Irrational’ Outbound Investment
- 3Doing Business in China: Joint Ventures Show Signs of Aging, but Still Have Some Life
- 4Schools for Migrant Children Vanishing as Beijing Combats Population Growth
- 5Is Sci-Fi the Next Big Chinese Cultural Export After Kung Fu?