Aug 23, 2023 08:27 PM

FINANCE

Schroders China Unit Seeks Approval for First Mutual Fund

By Yue Yue and Zhang Yukun

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What’s new: U.K. asset manager Schroders’ wholly owned China mutual fund unit is seeking regulatory approval to launch its first product, public information shows.

The China Securities Regulatory Commission (CSRC) on Monday received application materials from Schroder Fund Management (China) Co. Ltd. for a mutual fund that will mainly invest in bonds, the regulator’s website shows.

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