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Fidelity wins China regulatory green light to run retail fund business

12/09/2022 | 07:30am EST
FILE PHOTO: China Securities Regulatory Commission (CSRC) building in Beijing

HONG KONG (Reuters) - Fidelity International has obtained Chinese regulatory approval to conduct business in China's $3.7 trillion mutual fund industry.

China Securities Regulatory Commission granted a licence that enables the firm to offer onshore investment products and solutions to retail clients and asset management services to institutional clients in China, the company said in a statement on Friday.

(Reporting by Selena Li; Editing by Kirsten Donovan)


ę Reuters 2022
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