Bridgewater Associates garnered approval from China’s regulators to set up a wholly foreign-owned enterprise in China for investment management activities, said a report Monday by Z-Ben Advisors, a Shanghai-based consulting firm.
Z-Ben’s report noted that with Bridgewater’s March 7 approval, it became only the third foreign asset manager, following Aberdeen Asset Management and Fidelity Investments, to get an official nod for a wholly foreign-owned enterprise that specifically allows for asset management activities. The a
The report speculated that China’s huge interbank bond market, which regulatory reforms earlier this year opened to foreign investors, would be the focus of Bridgewater’s first investments on the mainland.
A Bridgewater spokeswoman declined to comment.
