Schroders expands into China

Schroders Fund Management is to expand into China after receiving regulatory approval.

The company has been granted a public fund business licence by the China Securities Regulatory Commission to operate in mainland China.

The group will offer onshore investment products and solutions to retail clients alongside asset management services to institutional clients.

Schroders began working with foreign banks in 2007 to provide clients with overseas investment opportunities.

This is a significant moment and of strategic importance to SchrodersPeter Harrison, Schroders

Two years before that it established Bocom Schroder Fund management, a joint venture with the Chinese Bank of Communications.

It then received regulatory approval in 2017 for its Asia-themed multi-asset income fund under the Mainland-Hong Kong Mutual Recognition of Funds scheme.

Peter Harrison, group chief executive, Schroders, said this is a “significant” moment and of significant importance to Schroders.

“It further strengthens our investment and service capabilities in China, allowing us to take advantage of the market growth in China and positioning us well to deliver strong returns in the medium to long-term,” he said. 

“Our broad experience, local expertise, and global perspective make us one of the most comprehensive foreign-owned investment platforms in the market, a special combination that enables us to offer a truly holistic investment solution to clients.”

David Guo, China chief executive at Schroders, added that China is the world’s second-largest consumer market and new business models and consumption patterns continue to emerge.

“The sustained and healthy development of China's economy will bring broader growth opportunities for foreign enterprises and inject strong momentum into the global economy, trade and investment,” he said. 

“As China continues to enhance its financial markets, we will continue to apply our global experience and holistic investment expertise to support the development of its public fund industry, and provide investors with innovative products and solutions that can help them achieve their long-term financial goals.”

sally.hickey@ft.com