JPMorgan Asset Management’s China retail asset management subsidiary will go head-to-head with about half a dozen top local fund houses after the Lunar New Year holiday to raise money for exchange traded funds that track a newly established index, reports the Financial Times. The move marks the first time a wholly foreign-owned enterprise will compete…
SHANGHAI/HONG KONG (Reuters) - Warburg Pincus has received Chinese regulatory approval to buy a 23.3% stake in Zhong Ou Asset Management Co, as the U.S. private equity giant expands its foothold in China's $3.8 trillion mutual fund market. | 06:07am
By Selena Li and Jason Xue HONG KONG (Reuters) - Chinese ventures of foreign asset managers including JPMorgan, Warburg Pincus and UBS are gearing up .
Chinese ventures of foreign asset managers including JPMorgan, Warburg Pincus and UBS are gearing up to expand their retirement offerings, as the country officially unveiled a private pension system