the AMAC official said."They will▓ com


e with their mature in

se burdens

vestment strategies

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and business models, which will bring healthy ▓competition and benefit the long-term development of the dom▓estic sector," the official said.The growing affluence of Chinese investors and their▓ growing demand for increasingly sophisticated investment products have attracted many global inves▓tment firms to China's multi-trillio

e 2013, said

the Premier, loca

l govern

n dollar asset management market.So far, 10 foreign asset managers including Fidelity International, BlackRo▓ck,

ments and

UBS, Man Group, and Schroders are qualified to sel▓l onshore funds to Chinese clients, according to the AMAC.Despite last w

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departments have

introduced differen

eek's 9.6 percent fall in the Chinese mainland's A-share market, L

ynda Zhou, a ▓portfolio manager at Fi

t measures to reduce fees 

delity International, said a greater opening of China's financ

ial market was likely this year as f

and costs, and the tax

oreign par▓ticipation helps it become increasing▓ly mature."My long-term v

reform laun

ched last year fur

ther cut enterprise bu
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