China Outbound Fund Products Hit Hurdle in Blow to Global Firms

Global asset managers are facing a new roadblock in their struggle for a foothold in China’s market to sell fund products to wealthy investors. For the past half year, they’ve...

By John Liu, Echo Wong, Dingmin Zhang · Bloomberg

Global asset managers are facing a new roadblock in their struggle for a foothold in China’s market to sell fund products to wealthy investors. For the past half year, they’ve been unable to introduce any new products in a key program that helps such clients invest abroad.