(Corrects to show Fidelity International based in Bermuda, paragraph 1)
LONDON, Jan 4 (Reuters) - Bermuda-based fund firm Fidelity International Limited said on Wednesday it had become the first large foreign asset manager to be awarded a licence that allows it to invest in China’s financial markets on behalf of Chinese institutions and affluent investors.
The investment manager said its wholly foreign-owned enterprise (WFOE) in Shanghai was the first to register with the Asset Management Association of China (AMAC) as a private fund management company.
“China is crucial to our global growth strategy, and as a privately-owned company, we are able to take a long-term approach to develop the best solutions for our clients to meet their investment and retirement needs,” said Mark Talbot, Managing Director, Asia Pacific, Fidelity International. (Reporting by Simon Jessop; editing by Rachel Armstrong)