Focus on the BIG picture.
Sunday, Jul 13, 2025

China is opening up for foreign investors.

China has issued a flurry of approvals for foreign financial companies looking to expand into the country as Beijing seeks to boost investor confidence after abruptly ending years of pandemic restrictions.
The approvals for global banks and asset managers to set up or start operations of fully owned entities have come since China's 20th Party Congress in October, when President Xi Jinping secured an unprecedented third term in office. Such approvals were rare for the majority of 2022 and signal Beijing's desire to woo foreign business.

The majority of the approvals were in the asset management sector, a $4 trillion market in China.

J.P. Morgan Asset Management last Thursday won approval to convert an existing mutual fund joint venture into a fully owned entity. Canadian manager Manulife, which adopted a similar route, gained full control of its China unit in November.

Asset managers Neuberger Berman and Fidelity International also received permission to start raising money from retail investors in November and December. Schroders of the U.K. won preliminary approval to establish a fully owned mutual fund company in China this month.

The approvals are part of Beijing's financial market opening. China scrapped an ownership cap of 51% for foreign shareholders in financial companies in 2020. BlackRock was the first foreign company to operate a wholly owned mutual fund business in China since the restriction was removed.
Newsletter

Related Articles

0:00
0:00
Close
If the Department is Really About Justice: Ghislaine Maxwell Should Be Freed Now
NYC Candidate Zohran Mamdani’s ‘Antifada’ Remarks Spark National Debate on Political Language and Economic Policy
GAO Report Identifies Major Failures by Secret Service Ahead of Trump Rally Shooting
President Trump Visits Flood-Ravaged Texas, Praises Community Strength and First Responders
From Mystery to Meltdown, Crisis Within the Trump Administration: Epstein Files Ignite A Deepening Rift at the Highest Levels of Government Reveals Chaos, Leaks, and Growing MAGA Backlash
Trump Slams Putin Over War Death Toll, Teases Major Russia Announcement
Reparations argument crushed
Rainmaker CEO Says Cloud Seeding Paused Before Deadly Texas Floods
A 92-year-old woman, who felt she doesn't belong in a nursing home, escaped the death-camp by climbing a gate nearly 8 ft tall
French Journalist Acquitted in Controversial Case Involving Brigitte Macron
Elon Musk’s xAI Targets $200 Billion Valuation in New Fundraising Round
Kraft Heinz Considers Splitting Off Grocery Division Amid Strategic Review
Trump Proposes Supplying Arms to Ukraine Through NATO Allies
U.S. State Department Initiates Layoffs of Over 1,300 Employees
EU Proposes New Tax on Large Companies to Boost Budget
Trump Imposes 35% Tariffs on Canadian Imports Amid Trade Tensions
Trump Administration Targets Chinese Influence in Agriculture
US Opens First Rare Earth Mine in Over 70 Years in Wyoming
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
Bitcoin Reaches New Milestone of $116,000
Biden’s Doctor Pleads the Fifth to Avoid Self-Incrimination on President’s Medical Fitness
Grok Chatbot Faces International Backlash for Antisemitic Content
Severe Heatwave Claims 2,300 Lives Across Europe
NVIDIA Achieves Historic Milestone as First Company Valued at $4 Trillion
Declining Beer Consumption Signals Cultural Shift in Germany
Linda Yaccarino Steps Down as CEO of X After Two Years
US Imposes New Tariffs on Brazilian Exports Amid Political Tensions
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
Christian Horner Departs Red Bull Amid Internal Turmoil
Western Europe Records Hottest June on Record
Asian AI Boom: Goldman Sachs Repositions Asian Equity Strategy Amid AI Growth
BRICS Expands Membership with Indonesia and Ten New Partner Countries
First Migrants Arrive at ‘Alligator Alcatraz’ Detention Facility
Trump Allies Warn Musk’s America Party Could Divide Republicans
Weinstein Victim’s Lawyer Says MeToo Movement Still Strong
Two Firefighters Killed in Idaho Ambush; Suspect Dies by Suicide
U.S. Enacts Sweeping Tax and Spending Legislation Amid Trade Policy Shifts
Football Mourns as Diogo Jota and Brother André Silva Laid to Rest in Portugal
River Seine Closes to Swimmers After One Day Due to Pollution
Texas Floods Claim 43 Lives, Including 8-Year-Old Girl
Cabin Carried Off by Raging Floods in Texas
Remains of Seven Missing Workers Found After Northern California Fireworks Warehouse Explosion
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
London Stock Exchange Faces Historic Low in Initial Public Offerings
Texas Flooding Claims Lives and Leaves Youth Campers Missing
A new online platform has emerged in the United Kingdom, specifically targeting Muslim men seeking virgin brides
Trump Celebrates Independence Day with B-2 Flyover and Signs Controversial Legislation
President Trump Signs 'One Big Beautiful Bill Act' Amid Celebratory Military Flyover
Starbucks Faces New Competition as China’s Top Coffee Chain Enters U.S. Market
×