Amundi expands in China as Beijing eases norms for overseas asset managers

Amundi expands in China as Beijing eases norms for overseas asset managers

Amundi, Europe’s largest asset manager, launched a wealth management venture in Shanghai on Wednesday and plans to set up an outbound investment business in Beijing as China opens its doors wider to global asset managers.

The French company, which already owns a mutual fund venture in China, is capitalizing on a new round of financial opening by Beijing that also galvanized other global asset managers such as BlackRock.

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