Mutual fund firms reach deeper into China's capital market

For the first time since 2021, Rajeev Mittal, managing director of Fidelity International Asia-Pacific (ex-Japan), flew to China in mid-February. The primary reason for this trip was simple — to attend the opening ceremony of the asset manager's wholly foreign-owned enterprise FIL Fund Management (China) Co Ltd in Shanghai, which had just obtained a mutual fund license from the China Securities Regulatory Commission in early December.

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