Eastspring Investments (Eastspring), the USD 170 billion Asian investment management arm of CBI Member Prudential plc, today announced it has established an investment management wholly-foreign owned enterprise (IM WFOE) in China through a Hong Kong entity.
According to Guy Strapp, Chief Executive, Eastspring, this is a major milestone in Eastspring’s China strategy. “As a leading Asia-based asset manager, China represents a significant growth opportunity for us. Our IM WFOE will enable us to establish an on-the-ground presence in mainland China and complements our existing joint venture partnership with CITIC-Prudential Fund Management Company.
“This reaffirms our commitment to this important market, providing us with a foundation for the long-term development of our asset management business and enhancing our ability to serve professional investors, both in China and globally,” Mr Strapp said.
Please read more here.
Recent Comments