Schroders Fund Management has been granted the public fund business licence by the China Securities Regulatory Commission (CSRC) to begin operation as a wholly foreign-owned public fund management company in mainland China.
Schroders Fund Management targets to offer innovative onshore investment products and solutions to retail clients, alongside asset management services to institutional clients, to help them achieve their long-term financial goals.
Peter Harrison, group chief executive at Schroders, said: “This is a significant moment and of strategic importance to Schroders. It further strengthens our investment and service capabilities in China, allowing us to take advantage of the market growth in China and positioning us well to deliver strong returns in the medium to long-term.
“Our broad experience, local expertise, and global perspective make us one of the most comprehensive foreign-owned investment platforms in the market, a special combination that enables us to offer a truly holistic investment solution to clients. Combining these strengths, we can deliver an enhanced investor experience and help to generate long-term alpha.”