How Foreign Firms Compete for China’s Wealth: Caixin

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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Tags: BlackRock

George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.