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Mutual fund firms expand reach in China's capital market shanghaiist.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghaiist.com Daily Mail and Mail on Sunday newspapers.
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.
Morgan Stanley’s aim for establishing its wholly-owned futures company in China has made some progress as Beijing officially accepted the application.