Germany’s Allianz Global Investors (AllianzGI) is looking forward to tapping mainland China’s “vast potential and steady growth” after getting the green light to operate an onshore fund management company there, according to its regional head.
The fund manager received its licence on Thursday after obtaining approval from the China Securities Regulatory Commission in August last year to establish a wholly foreign-owned public fund management company, with registered capital of 300 million yuan (US$41.2 million) as Beijing strives to attract more foreign firms to help revive economic growth.
Source: Global family
