Fund manager allowed to offer services in ShanghaiBusiness | 11 Feb 2020 4:30 pm
Hong Kong-based asset management firm, Value Partners (0806), announced its subsidiary Value Partners Investment Management (Shanghai) had obtained an investment advisory qualification from the Asset Management Association of China.
This allows the Shanghai arm to provide investment advisory services on private asset management products to eligible third-party institutions in the mainland.
The firm will extend its co-operation with institutions like securities and futures firms, banks, insurers, trusts and wealth management companies, to offer investment advisory services on their issued private fund products, said Yu Xiaobo, Value Partners’ investment director and head of China business.
Value Partners Shanghai has launched a total of eight private investment securities funds in the domestic Chinese market since 2017, according to Yu.