Online distributor Eastmoney awaits landmark approval
Eastmoney, the owner of China’s biggest online fund sales platform, is awaiting regulatory approval to set up a mutual fund house, which would make it the first such company to do so.
Eastmoney Information, parent of China’s biggest online fund distributor Tiantian Fund Sales, is awaiting approval to set up a mutual fund house in a move that would make it the first company of its type to do so.
The asset manager will be wholly-owned and called Tiantian Fund Management. Shanghai-based Eastmoney plans to use its digital platform to sell products from Tiantian that are different from traditional mutual funds.
The application was accepted by the China Secu…
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