Baltimore-headquartered asset manager T. Rowe Price has launched a new office in Shanghai focused on investment research.
T. Rowe Price has opened a new office in Shanghai, according to a statement, in order to strengthen its equity research coverage.
The office will look to hire new analysts on the ground in mainland China to cover firms locally to expand the firm’s research platform. It will be led by Dai Wang, a Chinese national and equity research analyst covering Asian stocks in Hong Kong after joining the firm in 2014.
«The new office will amplify our ability to conduct investment research locally and seize opportunities in the Chinese market for our clients,» said Justin Thomson, T. Rowe Price’s head of international equity and co-head of global equity.
China Investment Track Record
According to the firm, the new office is an extension of its wholly foreign-owned enterprise established in Shanghai’s Free Trade Zone in December 2020 to enhance its investment research capabilities.
T. Rowe Price has been investing on behalf of eligible Chinese institutional investors since 2006 and as of 2020-end, it has invested nearly $4.8 billion into listed mainland securities through the cross-border trading schemes with Hong Kong, in addition to $36.9 billion invested offshore.
The addition of a Shanghai office marks the firm’s sixth location in Asia Pacific and 24th globally.
