(Yicai) Dec. 23 — Major global investment institutions, including Fidelity International, Allianz Global Investors, and Neuberger Berman Group, are expanding their presence in China, driven by expectations of new economic stimulus measures and an achievable 5 percent growth target for 2025.
Fidelity International’s Chinese subsidiary has announced that its inaugural fund of funds product will be open for subscription from Jan. 6 to Jan. 17, 2025. Helen Huang, managing director of Fidelity International China, emphasized that China remains a key strategic market for the international affiliate of America’s Fidelity Investments, with the FOF product launch representing a significant milestone in their local expansion plans.
Earlier this month, German financial services giant Allianz doubled its Chinese subsidiary Allianz Fund Management’s registered capital to CNY600 million (USD82.2 million), following the unit’s April announcement of launching mutual fund operations in China.
Last week, Neuberger Berman increased the registered capital of its Chinese subsidiary, Neuberger Berman Fund Management China, to CNY550 million from CNY420 million, marking its fourth capital injection since becoming one of China’s first wholly foreign-owned public fund managers in 2020.
In its 2025 outlook, Fidelity International projected that China will likely stabilize and reach its 5 percent GDP growth target next year. The firm expects Chinese economic policies to concentrate on mitigating the effects of US tariffs.
Recent Chinese political meetings have signaled positive policy directions, demonstrating China’s commitment to addressing factors suppressing domestic demand. Chinese companies may adapt flexibly to potential additional tariffs following Trump’s inauguration, helping to minimize impacts on profitability, the London-headquartered investment manager added.
Moreover, Morgan Stanley Fund Management China highlighted that Chinese artificial intelligence applications and leading industries in emerging sectors warrant ongoing investor attention.
Editor: Emmi Laine
