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Nine global AMCs quickly pitch tents in Pudong By SHI JING in Shanghai | China Daily | Updated: 2021-07-29 09:05 Share CLOSE 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.

Yang chaoZhang chiThomas poullaouecWeng zuliangParty of china central committeeBlackrock fund management co ltdPudong partyCharles schwabNew areaPudong new areaAlter domusCommunist partyChina central committeeState councilPudong newPrice asia pacific