Schroders enters a «long-term strategic agreement» with Bank of Communication involving not only onshore distribution but a wide range of other activities.
The agreement underlined that the two would cooperate in public and private fund management products, innovative product development, domestic and cross-border business cooperation, pension, private banking, operations, financial technology, training and two-way knowledge exchange.
Schroders first entered the Chinese market 25 years ago and has been working with foreign banks since 2007.
«China is an important part of Schroders' global strategy, both as a source and destination of capital,» said Lieven Debruyne, APAC CEO at Schroders. «We have been investing heavily; establishing strategic partnerships and enhancing our China investment capability with skilled on-the-ground investment and research professionals.»
