Fullerton's Shanghai unit gets nod to offer investment advisory services in China

Singapore

TEMASEK unit Fullerton Fund Management said on Tuesday that its wholly foreign-owned enterprise (WFOE), Fullerton Investment Management (Shanghai) Co, has received approval to provide onshore investment advisory services in China.

According to Fullerton Fund Management, this is the first time the Asset Management Association of China (AMAC) has allowed a foreign fund manager's WFOE to conduct an onshore investment advisory business.