Allianz Global Investors nnounced today that it has obtained approval from the China Securities Regulatory Commission (CSRC) to operate as a wholly foreign-owned public fund management company (FMC) in mainland China.
The approval underscores AllianzGI’s commitment to the mainland Chinese market and providing onshore investors with access to its global investment expertise. In August 2023, AllianzGI received regulatory approval to establish an FMC business in mainland China, with registered capital of RMB 300 million (USD 41.2 million).