Caixin
Nov 21, 2022 09:17 PM
FINANCE

Canada’s Manulife Approved to Take Full Control of Its China Mutual Fund Venture

The Manulife Financial Centre in Hong Kong. Photo: Courtesy of Manulife
The Manulife Financial Centre in Hong Kong. Photo: Courtesy of Manulife

Canadian insurance giant Manulife Financial Corp. has won approval to become the fourth foreign company to operate a wholly owned mutual fund business in China.

The Toronto-based financial firm, which controls 49% of Beijing-based mutual fund joint venture Manulife Teda Fund Management Co. Ltd., has been allowed to acquire the remaining 51% stake from its Chinese partner, according to a notice released by the China Securities Regulation Commission on Friday.

loadingImg
You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST