Schroders receives permission to establish wholly foreign-owned public fund management company in China

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Schroder Investment Management (China) Limited has received approval for the establishment of a wholly foreign-owned public fund management company in mainland China from the China Securities Regulatory Commission on 13 January 2023.

This further underscores Schroders’ commitment to serving onshore investors and marks another milestone in the Group’s business expansion in mainland China. In January 2022, Schroder BOCOM Wealth Management Co., Ltd received regulatory approval to commence business and received its operating license in February 2022.

As a global asset management company founded in 1804, Schroders appreciates the strategic importance of China. The pursuit of a wholly foreign-owned public fund management company is the latest evidence of the Group’s long-term commitment to China. Over 28 years since establishing its first representative office in Shanghai in 1994, Schroders has accumulated invaluable onshore experience in addressing the needs of institutional investors. It has also been providing individual investors with access to offshore investment capabilities through the QDII (Qualified Domestic Institutional Investor) and MRF (Mutual Recognition of Funds) schemes.

Lieven Debruyne, Global Head of Distribution, Schroders, commented:

“China has always been important in Schroders’ global strategy and we are delighted to receive regulatory permission to establish a wholly foreign-owned public fund management company. It is a key step in our overall expansion in the country and reinforces our confidence in continuing to scale up our business and investment presence in China.”

“Over many years we have been building an experienced, talented team of local professionals to better serve mainland China investors’ needs for diversified investment solutions. We have strong public markets and private assets capabilities in China, and we aim to provide holistic investment solutions to onshore and offshore investors in China.”

David Guo, CEO, China, Schroders, commented:

“We are delighted that Schroders has received regulatory approval to establish a wholly foreign-owned public fund management company in mainland China. We are committed to preparing for the establishment of this new company.”

“As the Chinese government continues to open up its financial market, we believe the China onshore retail fund and pension fund markets are ready for differentiated investment solutions from global investment managers. Schroders is committed to leverage its international investment experience to provide investors with innovative products and solutions that can help them achieve their long-term financial goals.”

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Edmund Shing, PhD

Global Chief Investment Officer
BNP Paribas Wealth Management

Edmund has over 29 years of experience in financial markets in a wide variety of positions, ranging from proprietary trading to portfolio manager in a number of financial institutions in London and Paris.  He previously held the role of Global Head of Equity and Derivative Strategy at BNP Paribas in London from 2015 to 2020, and has been Chief Investment Officer at BNP Paribas Wealth Management since November 2020.

Edmund is responsible for piloting our investment strategy and will continues to rollout out recommendations and themes with actionable advice that brings our expertise to our clients and support to our client-facing teams.  In this time of change, his expertise in following and anticipating markets is a true value added for both our customers and those at Wealth Management who serve them.

Edmund has a PhD in Cognitive and Computing Science from the University of Birmingham in the United Kingdom, and has done advanced studies in Knowledge-Based Systems and in Experimental Psychology.  He is an EFFAS-certified financial analyst. He has also authored the book “The Idle Investor” published by Harriman House in 2015, proposing 3 simple investment strategies that take only a few minutes to execute per month.

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