Caixin
Nov 17, 2021 09:12 PM
FINANCE

Q&A: Fidelity Executive Explains How Foreign Investment Services Can Compete for China’s Wealth

Rajeev Mittal, Fidelity International’s managing director for Asia Pacific ex-Japan.
Rajeev Mittal, Fidelity International’s managing director for Asia Pacific ex-Japan.

China’s fast-growing wealth management market has continued to attract foreign financial institutions. In August, U.S.-based Fidelity International got approval to set up a wholly owned mutual fund business in China, becoming the second global investor after BlackRock Inc. to win such a nod. Fidelity International was also the first foreign institution to obtain a wholly owned private fund management license in China in 2017.

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