China’s fast-growing wealth management market has continued to attract foreign financial institutions, Caixin reported.
In August, US-based Fidelity International won approval to set up a wholly owned mutual fund business in China, becoming the second global investor after BlackRock to win such a nod.
Rajeev Mittal, the company’s managing director for Asia-Pacific ex-Japan, discussed the reasons for this and the company’s strategies for competing against local peers in China.
Read the full report: Caixin
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The post How Foreign Firms Compete for China’s Wealth: Caixin appeared first on Asia Financial.
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