Hong Kong-based Value Partners, US-based Invesco and Neuberger Berman have received licences in China to launch onshore investment funds that allows them to tap the 6 trillion yuan (US$903 billion) asset management market as the country eases access to its financial services sector.
Value Partners is one of Asia’s largest asset management firms, with US$8.6 billion in assets under management as of June this year. In November 2007, it became the first asset management firm to list on the Hong Kong Stock Exchange.
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