Schroders granted Qualification of Private Securities Investment Fund Manager status in Mainland China
Equipped to offer specialised investment services to mainland investors
Schroders announced today that its wholly-owned subsidiary in China, Schroders Investment Management (Shanghai) Limited, has received from the Asset Management Association of China (AMAC) qualification of private securities investment fund manager (PFM) status. With this, Schroders will soon be able to offer private securities funds and a range of local investment solutions to investors in Mainland China. This announcement follows the firm’s successful upgrade to an Investment Management Wholly Foreign Owned-Enterprise (IM WFOE) in June 2017, which expanded its business scope to investment management and asset management services.
The PFM qualification and IM WFOE status give Schroders the opportunity to develop a suite of investment solutions in equities, fixed income, and multi-assets, for mainland China’s high net worth individuals and applicable institutional investors.
Lieven Debruyne, CEO, Asia, Schroders said: “With our PFM qualification, we now have greater flexibility to bring to Chinese investors our global perspectives and years of experience in managing assets for clients. Mainland China has been an important part of our growth strategy, and the PFM qualification enables us to provide new and relevant products to local investors.”
David Guo, Head of China Business, Schroders said: “To support our business expansion, we are adding resources such as establishing a dedicated client servicing team in Shanghai that will be staffed with local talents who understand the market dynamics. Our on-the-ground investment professionals will work closely with our global network to deliver customised investment solutions for increasingly sophisticated Mainland Chinese investors.”
Having started the China business more than 20 years ago, Schroders has since built up a wealth of experience in managing solutions-based investment strategies for institutional and individual investors. Over the years, Schroders has progressed together with China’s asset management industry, and is one of the first to establish a joint venture company, and offer Qualified Domestic Institutional Investor (QDII) investment services. It also launched the first Asian multi-asset income strategy under the Mutual Recognition of Funds (MRF) scheme.
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