International Loyalty announced it FIL Fund Management (China) Company Limited, its wholly foreign-owned subsidiary, has obtained authorization to carry on futures and securities business from the China Securities Regulatory Commission (CSRC).
Fidelity International will now be able to offer investment products and solutions to private customers and wealth management services a institutional clients in China, thereby helping them to explore investment opportunities in their home market, improve their financial well-being and prepare retirement.
china is a strategic priority market and long-term for Fidelity International, a country in which the company has been actively investing for more than 20 years. Since 2004 Fidelity has opened three offices (Shanghai, Dalian and Beijing) and has more than 1,900 employees.
Under the regime of Qualified foreign institutional investor (QFII) with which it was formerly affiliated, Fidelity was awarded a share of $1.2 billion, one of the most senior among fund managers. In January 2017, Fidelity was the first international asset manager to register with the China Asset Management Association as a private fund manager in China.
Fundamental analysis being the bedrock of its investment philosophy and process, its field resources cover the equities, fixed income, multi-asset investments and systematic and quantitative investing, with strong integration of ESG analysis throughout the investment process.
