Published by Hubbis – 7th Dec 2017
Aberdeen Standard Investments obtains private securities fund management approval in China.
Aberdeen Standard Investments announced that it’s wholly foreign-owned enterprise, Aberdeen Asset Management (Shanghai), has secured registration as a private securities investment fund manager with the Asset Management Association of China. This marks a significant milestone in the firm’s growth strategy, reinforcing its commitment to build a long-term business in China.
The new private securities fund management qualification enables the company to manufacture and offer onshore private securities investment funds to qualified institutional and high-net-worth investors in China, expanding the breadth and depth of its investment and distribution capabilities in the onshore market.
Aberdeen Standard Investments has had a presence in China for over 15 years.
