Neuberger Berman has received regulatory approval for its mutual fund business in mainland China.
Neuberger Berman, has received approval from the China Securities Regulatory Commission (CSRC) to conduct mutual fund business in the mainland, according to the US asset manager’s Chinese social media account.
«We are honored to now be able to broadly serve Chinese investors in local markets,» the firm said in a statement. «Our long-term investment performance and [environmental, social and governance] leadership were at the core of our mutual fund company application.»
Neuberger Berman first applied to set up a China mutual fund unit in April 2020 before receiving approval to do so from the CSRC in September 2021.
