Nine global AMCs quickly pitch tents in Pudong

Nine global AMCs quickly pitch tents in Pudong
By SHI JING in Shanghai |
China Daily |
Updated: 2021-07-29 09:05
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More players to be drawn as New Area bids to emerge as a financial hub
Nine well-known global asset management companies (AMCs) signed agreements with the local government on Wednesday to set up their local offices in Lujiazui area, Shanghai's financial center.
The agreements materialized less than two weeks after the central authorities said Shanghai's Pudong New Area should pioneer the mission of higher level reform and opening-up.
Among the nine AMCs are T.Rowe Price, a US firm that manages $1.5 trillion worth of assets, Aegon, the Netherlands' largest asset manager, Charles Schwab, a prominent US-based personal financial services provider, and Alter Domus, Luxembourg's largest fund and corporate services provider.

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