People walk at the Lujiazui area in Shanghai, east China, April 9, 2020. (Xinhua/Chen Fei)
BEIJING, June 9 (Xinhua) -- Schroder Fund Management (China) Co., Ltd., a solely foreign-owned mutual fund firm, was formally inaugurated in Shanghai on Thursday, reported Xinhua Finance.
Since China removed the restriction over the proportion of foreign equities in a mutual fund firm on April 1, 2020, this has been the fourth company of its kind set up in China following those set up by global asset management giants BlackRock, Fidelity and Neuberger Berman.
Xie Dong, deputy mayor of Shanghai municipal government stressed that Shanghai will continue to optimize its business environment and expand its opening-up to provide a better environment and services of higher quality to foreign-funded institutions.
Peter Harrison, group chief executive of Schroders plc said Shanghai's investor-friendly business environment, excellent financial infrastructure and vitality have been playing an important role in China's financial opening up and Shanghai's construction of a major financial center.
In the future, the group company will further leverage its advantages as a globalized investor and provide investors in China and overseas markets with quality investment opportunities, according to Peter Harrison. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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