Value Partners Group, a Hong Kong-based money management boutique with $16.5 billion in assets under management, announced its Shanghai-based affiliate had cleared the final regulatory hurdle to offering locally manufactured investment products to institutional and high-net-worth investors on mainland China.
The firm said in a news release Friday that its wholly foreign-owned enterprise, Value Partners Investment Management (Shanghai), successfully registered as a private fund management firm with the semi-official Asset Management Association of China.
With the granting of that license, Value Partners now has six months to launch its first investment onshore investment product on the mainland.
A Hong Kong-based spokeswoman for the firm couldn’t immediately offer details regarding what that initial strategy would be.
The news release said garnering that private fund management license was “a key pillar of the group’s multipronged China strategy.”