BlackRock, Neuberger Berman apply to set up China mutual fund unit – China securities regulator

Reuters. March 31, 2020

SHANGHAI, April 1 (Reuters) – BlackRock and Neuberger Berman have applied to set up mutual fund units in China, according to China’s securities regulator.

The China Securities Regulatory Commission (CSRC) has accepted applications from the two asset managers, according to CSRC’s official website.

China on Wednesday scraps foreign ownership restrictions in the mutual fund and brokerage industries. (Reporting by Samuel Shen and Andrew Galbraith Editing by Shri Navaratnam)
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